Publications

The Latest Three Publications

The financial commodification of public infrastructure: The growth of offshore PFI/PPP secondary market infrastructure funds

New research reveals the rapid growth and power of offshore secondary market infrastructure funds – a £17.1bn (€20.1bn) industry buying and selling equity in PFI/PPP project companies. The three-way profit gain – original SPV shareholders, secondary market fund sales and shareholder dividends of secondary market funds – means the total annual rate of return could be between 45%-60% – three to five times the rate of return in PFI/PPP final business cases. The five largest listed offshore infrastructure funds made a total profit of £1.8bn (€2.1bn) in the five-period 2011-2015 but paid ZERO tax. Recommends termination of PFI/PPP programme, nationalisation of SPVs, increased public investment and many more policy changes.

2016-10-04 14:19:29

The People’s Inquiry into Privatisation in Australia

Submission by Dexter Whitfield on the critical importance and need for alternatives to privatisation. A demand for public ownership alone is inadequate. It must be accompanied by proposals to radically change the way public services are managed and held democratically accountable. Otherwise, public ownership alone will ultimately lead to re-privatisation later.

2016-09-29 13:05:09

Adult Social Care stays in-house but Barnet reverts to outsourcing

London Borough of Barnet Council recently decided to retain the Adult Social Care service in-house. That policy reversal did not last long. The Street Scene options appraisal (waste collection, recycling, street cleaning, grounds maintenance and fleet management) includes a designed to fail ‘in-house (pre December 2015)’ option. It is now examining options involving Local Authority Trading Company, outsourcing and shared services options. This report exposes the risks and flaws in this approach.

2016-09-27 17:02:26