Critically appraise the above statement with respect to the legal and policy framework of the United Kingdom’s Private Finance Initiative and Private Finance 2.

‘The original case for PFI, that private efficiencies would drive value for money, bears not even
a passing semblance to reality, and never did. The [House of Commons Treasury Committee
report on Private Finance Initiative of 19 August 2011], to its credit, goes a long way to
confirming just how deep the fantasy goes.’
Oliver Huitson, ‘Private Finance Initiative: the scandal that refuses to break’ (Open Democracy
blog, 20 September 2011).

Critically appraise the above statement with respect to the legal and policy framework of the
United Kingdom’s Private Finance Initiative and Private Finance 2. Students are encouraged
to use primary sources, as well as practical case studies.