it's hard to say anything positive about this deeply flawed financing model
- Written by Salman Ahmad, Lecturer in Accounting, Aston University
It was Norman Lamont who first announced a new way of paying for public buildings and infrastructure in November 1992. In a speech to the House of Commons, the then chancellor of the exchequer said he was looking to encourage more private financing for such projects.
Speaking only a few weeks after the government had been rocked by Black Wednesday,...