Re: The long-term cost no one talks about..
Although it will hit the deficit I think paying off these PFI's will actually save money in the long run.
That is assuming that there is provision in the contracts for buying them out early, and I would bet a £ to a pinch of sh1t that there are (harsh) financial penalties for early pay - off involved anyway.
Unfortunately those who hold the contracts (many of which have been sold on as "investments", IIRC) also have the government taxpayers by the dangly bits.
Biting the hand that feeds IT
