The Private Finance Initiative (PFI) began life in November 1992, two years after the enforced departure of Margaret Thatcher, and just months after John Major stunned the country by winning a surprise Tory election victory over the Labour Party led by Neil Kinnock. Chancellor Norman Lamont delivered an Autumn Statement which announced: “…the Government have … Continue reading The History of Privatisation part 4: The early days of PFI