Originally Posted by
BluntedAtBirth
Err... isn't the training PFI supposed to save us money compared to the Public Sector Comparitor of carrying on as normal? Cutting the PFI would surely mean we eliminated the training...
What a stupid and preposterous thought. PFI is all about discounting the future. Pay tomorrow in cheaper money than find all the money today.
If we could have conned someone into buy all the Typhoons and a lease back with the promise that we could either buy them at a discount in 25 years time or the owner could flog 'em off, then we would have done.
All PFI is about is spending as little up front now and delaying the real bill until later. As the bills start to mount up then we simply cancel another Type 45 or whatever.