James Larmour of Freeth Cartwright considers HM Treasury’s “Standardisation of PF2 Guidance”

The PFI has always been subject to criticism, but is now something a pariah. Once New Labour’s preferred procurement technique for capital infrastructure, PFI is seemingly unloved by the Conservative party which created it. So much so that in November 2011 the Chancellor announced the Government’s intention in to undertake a fundamental reassessment of PFI. The result is PF2. But as the name suggests PF2 is not fundamentally different to its predecessor.

Read more on PF2: A NEW APROACH TO PUBLIC PRIVATE PARTNERSHIP?…