Every year Scotland repays almost £1bn to private companies for public services. This debt is due to unsustainable methods of investing in our public services, with these debts often accruing up to 40% in interest. The SNP have said they have got rid of the worst of these debts, Private Finance Initiatives (PFIs). But they have only replaced them with light versions, ones which remain costly, inefficient and restricted to Big Business. We’re demanding a change in funding sources – ones which benefit us as well and refuel our local economy.
More coming soon but check out this NEW excellent article on why PFI is all so problematic.