A row is looming in Whitehall over a planned shake-up of the government’s Private Finance Initiative.
City banks are also worried about a proposed state venture-capital bank to help fund PFI projects such as hospitals, schools and transport schemes.
The bank is set to be the main recommendation in a review of PFI by Pearl Assuance chairman, Malcolm Bates.
Mail on Sunday Financial Mail 28/03/99 page 5
