PFI schools hit with ‘£8k bill for a blind and £2k for a tap’
Schools are being forced to pay thousands of pounds to have everyday items replaced such as window blinds and taps as a result of them being locked into expensive PFI contracts.
In certain cases schools will have to pay more than £8,000 to change a single blind, while a new sink is likely to cost more than £2,000.
The problem is being blamed on schools being tied down to contracts under Private Finance Initiatives, which means they are charged for items on a monthly basis.
Huge annual bills PFI contracts were introduced by successive Conservative and Labour governments, leading to schools and hospitals being built by private contractors, who were then paid back over a 25 or 30 year lease.