Wednesday, May 03, 2006

Acceptable face of capitalism?

Should the private sector make an allowance for the incompetence of civil servants when negotiating PFI deals?

MPs have condemned Octagon Healthcare for using a refinancing deal on the project to boost returns to its investors by £82m.

Are MPs equally damning of the hospital authority whose negotiating team was consisted of civil servants "[who] were not up to the rough and tumble of negotiating refinancing proposals with the private sector"?

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