Thursday, January 17, 2008

Money for old rope?

I see today that the National Audit Office has finally uncovered the extent of abuse of public finances. It seems that many contractors involved in large public sector PFI projects, are charging up to ten times the fees they would normally charge in the private sector.

As if this wasn't scandalous enough, it now seems that our Government - in a well-practised exercise of smoke and mirrors - doesn't include these lost millions in the figures for the National Debt. Thus it conceals the truly shocking degree of its long-term debt.

Just who is worse - those who over charge or those who accept and conceal it?

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