PFI, and other forms of public private partnership (PPP) as practised in England and Scotland, are well known to be very problematic concepts. They involve, on the one hand, extremely high rates of return for investors in many schemes – but on the other hand, an unacceptable rate of failure in other schemes.

― Taking a look at UK debt over the long-term shows that it is historically at a very low level. It is also incorrect to claim that we cannot afford the interest on debt.

― The reality is that there has rarely been a more favourable time for the UK Government to borrow in order to invest in renewing its infrastructure and fostering new industries.