Overview of articles in the Financial Times Wednesday May 3rd 2006 by Paul Catherall

Overview of articles in the Financial Times Wednesday May 3rd 2006 by Paul Catherall

  • Watchdog Brands Profits on PFI Scheme ‘Unacceptable’ (Nicolas Timmings).
  • Spain Warns Bolivia over Nationalisation and related articles (by FT journalists).
  • Out on a limb: why Americans see their future as precarious (Edward Luce).

Watchdog Brands Profits on PFI Scheme ‘Unacceptable’ (Nicolas Timmings).

This article reveals how Britain’s biggest investors in the Private Finance Initiative (PFI) have been described by the parliamentary spending watchdog as ‘the unacceptable face of capitalism’, including companies such as John Laing, Serco and 3i who have been accused of abusing government deals in an attempt to generate enormous profit. One example described how the Octagon consortium had made gains of

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