Out of the blue ... and into the red

By Mark Leftly and Mark Leftly Mark Leftly 2007-02-02T00:00:00

Brown and his Treasury advisers are wrestling with the implications of an obscure bit of accountancy lore that could have a huge effect on PFI schemes such as Bart’s hospital

A furious argument is brewing in the Treasury over a surprise change to accounting rules that could suddenly dump billions of pounds of PFI liabilities in the government’s lap. Mark Leftly looks at what the rule says, and what it could mean for Gordon Brown

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