Intrigued by this story in FT.com on the accounting procedure for Private Finance Initiatives (PFIs).
It would seem that what the government are practising is no more than an 'Enron' style of accounting, in effect lying about the extent of Britain's overall debt problem, lying being second nature to this collection of odious incompetents.
According to the Coffee House the national debt counter stands at £628billion and rising and when coupled with this, which estimated the PFI commitments at around £110billion........
So can one of the 'number crunchers' explain how we afford £12million for this?
Surely this time has long since passed?
Update: And then we get this. What planet are the government from?
Well, Of Course We Will, Emma…
27 minutes ago
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