Wes Streeting wants to fund 200 new NHS health centres through PFI. But the Public Finance Initiative was a disaster in the past – locking hospitals and schools into decades of expensive contracts. Profits were privatised while risks and debts were socialised. This video explains why PFI 2.0 is a betrayal of the NHS, why it costs more, and why the government should fund health centres directly using its own currency.
00:00 – Wes Streeting’s PFI plan for NHS
01:12 – The origins of PFI in the 1990s
02:20 – Gordon Brown expands the model
03:10 – Why PFI was a financial failure
04:18 – The false accounting trick behind PFI
05:26 – Labour’s obsession with PFI
06:45 – Modern Monetary Theory and government funding
07:55 – The massive hidden costs of PFI
09:10 – Real-world failures: schools & councils
10:05 – Carillion and the Royal Liverpool fiasco
11:20 – Profits privatised, risks socialised
12:10 – The dangers of “PFI 2.0” for the NHS
13:20 – Why we must reject PFI and rebuild with public funding
Credit to : Richard J Murphy