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Revisions by the ONS show that the UK (mainly the private sector) is a net debtor to the world, rather than creditor
Great letter form @eurodad in the FT today on expensive and high-risk PPPs
"World Bank and IMF, put your money where your mouth is on Somalia"
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Dreamt up in the UK in the 1990s, Public-Private Partnerships (PPPs) have over the last two decades spread across public services in this country, and now increasingly around the world. As a way of paying for public infrastructure and services like hospitals, power stations or transport, their chief attraction to governments is that the cost of borrowing does not appear on the national balance sheet, meaning it doesn’t appear to increase the government’s debt.

Yet as an increasing body of evidence shows, this ‘buy now, pay later’ model has more often than not led to more expensive, less democratically accountable, and lower quality public services than those directly funded by governments. What’s more, the complicated legal and financial structures behind PPPs obscure a simple fact: they leave an enormous legacy of hidden public debts.

The UK has been the trailblazer for PPPs through the Private Finance Initiative, described by academics as a ‘huge financial disaster’ for our economy. Yet despite this, the UK government is today pushing developing countries towards this global debt iceberg.


Stop promoting rip-off finance for healthcare in the Global South

Despair surgeon sitting near to medical monitor

Public Private Partnerships (PPPs) have been widely discredited in the UK, where they have saddled health services with enormous debts. Yet the UK government is promoting the scheme abroad. Please tell Jeremy Hunt to stop promoting rip-off health PPPs in the Global South

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Latest from the campaign

  • PFI Campaign Image

    Impoverished countries are being sold a dangerous private finance scheme

    Jubilee Debt Campaign, 12 October 2017

    A new manifesto has been launched by civil society organisations from all over the globe, to condemn this exploitative financial practice

  • Welcome for Labour Private Finance Initiative announcement

    Jubilee Debt Campaign, 25 September 2017

    Reacting to John McDonnell’s announcement that the Labour party will bring existing PFI contracts back in-house, and that the Labour party will “End the UK government’s financial and advisory support for similar projects overseas” Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “We welcome the announcement by John McDonnell that Labour will not just […]

  • UK government promotes rip-off health PFI schemes abroad which it disowns at home

    Jubilee Debt Campaign, 7 September 2017

    Liam Fox, Jeremy Hunt, Boris Johnson and Priti Patel have all criticised the costs of PFI schemes in the UK, yet their departments are all actively promoting similar schemes in healthcare to many impoverished countries The Foreign Office and Department for International Development are using aid money to fund British companies to promote PFI-like schemes […]

  • Double standards front page

    Double standards: How the UK promotes rip-off health PPPs abroad

    Jubilee Debt Campaign, 7 September 2017

    This report (24 pages) concerns Public Private Partnerships (PPPs) in healthcare, known in the UK as the Private Finance Initiative (PFI) It exposes how such PPPs have been an expensive failure in the UK, attracting criticism from government ministers, and yet those same ministers run departments which promote PPPs, including in health, around the world.

  • debttrap-campaign

    Debt justice and the 2017 general election

    Jubilee Debt Campaign, 2 May 2017

    Ahead of the 2017 general election, Jubilee Debt Campaign have produced a short guide and suggested question for four vital issues: The UK’s role in Africa’s debt crisis The global debt iceberg of Public-Private Partnerships Dealing with the UK’s private debt and housing crisis Escalating student debt Please use this guide to ask questions of candidates […]

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