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Labour MPs Urge Reeves to Ditch Costly NHS PFI Plans

11/21/2025

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Summary

Story summary

Forty Labour MPs have urged Rachel Reeves to abandon NHS plans funded by private finance initiatives (PFI).
They argue PFI increases costs and leaves the NHS with crippling debt, with 80 trusts owing £44 billion.
They say private finance does not provide new funds but is an expensive borrowing method.
The government is pursuing new public-private partnership models and says it will learn from past mistakes.

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Story summary

Forty Labour MPs have urged Rachel Reeves to abandon NHS plans funded by private finance initiatives (PFI).
They argue PFI increases costs and leaves the NHS with crippling debt, with 80 trusts owing £44 billion.
They say private finance does not provide new funds but is an expensive borrowing method.
The government is pursuing new public-private partnership models and says it will learn from past mistakes.