Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Alex Burghart Excerpts
Tuesday 27th February 2018

(6 years, 2 months ago)

Commons Chamber
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Lord Hammond of Runnymede Portrait Mr Hammond
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The hon. Gentleman may be slightly confusing PFI contracts with outsourcing contracts that do not involve capital structures. The resolution of Carillion continues. So far, there has been a very high rate of uptake by private clients of Carillion to continue the services that are being delivered, and we have high hopes of protecting the vast majority of the jobs involved.

Alex Burghart Portrait Alex Burghart (Brentwood and Ongar) (Con)
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What are the Government doing to improve transparency in public-private partnerships?

Lord Hammond of Runnymede Portrait Mr Hammond
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We absolutely value transparency in the public-private partnerships that are delivered. They are an important part of the overall infrastructure. As I just explained to the House, there are currently no PF2 projects in procurement. That indicates that we have set the bar for value for money in public-private partnerships very high, and we will continue to do so.