The alternative to PFI is called borrowing George

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The FT notes this morning:

George Osborne is facing awkward questions after a year-long search to replace the government’s unpopular private finance initiative has failed to deliver a revolutionary way of raising money for new schools, prisons and hospitals

It's called borrowing George.

And right now it's almost costless to your government. You can even QE it to buy it back.

There: answered in about 15 seconds for you. What was the problem?