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Public sector being outwitted

News

A House of Commons report published this week has found that the public sector is being outwitted by the private sector when PFI deals are refinanced. Committee for Public Accounts chairman Edward Leigh said: 'Local public sector officials taking forward PFI projects such as hospitals or schools are often painfully lacking in commercial experience.' The Office of Government Commerce said it expected gains of £175M to £200M, but up until December 2006 only £93M had been secured.

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