Skip to content

Budget 2018: Chancellor abolishes PFI for future projects

The government will not enter into further Private Finance Initiative projects, but will honour those underway, the chancellor announced in the Budget.

Philip Hammond said 90% of them were signed by the Blair-Brown government, and ending them would be "putting another legacy of Labour behind us".

Labour's policy is to bring existing PFI contracts "back in-house" and sign no new agreements.

BBC Budget live page: updates in text, images and video

29 October 2018

Explore More

BBC Scotland's Judith Ralston says there is also a weather warning as high winds are expected to hit the Western Isles and the north-west

Storm Bert brings rain and high winds on Sunday

Science & Environment

BBC News

One-minute World News

Country home blanketed in snow

Snowy Saturday as Storm Bert sweeps the UK

With some travel disruption, children and dogs have been enjoying the cold weather

Watch: Scotland under a blanket of snow from Storm Bert

Science & Environment

BBC Middle East correspondent Hugo Bachega at scene of destroyed building in Beirut, Lebanon

Beirut strike 'so powerful it was felt across the city'

BBC Scotland's Judith Ralston says snow will extend into northern Scotland over the next few hours.

The latest weather forecast for Scotland as Storm Bert hits

90s boy band Damage in a black and white promotional photo

Watch: Boy band Damage on their journey to stardom

Phone footage of a skate surfacing out of grey waves to a rigid inflatable boat.ttack the side of a inflatable

Watch the moment a skate attacks a fisherman's boat off Shetland

NE, Orkney & Shetland

People in high-vis jackets walk next to a car submerged in floods on the left of a split screen with a snowy road on the right

Atmospheric river dumps snow and record rain on California

Science & Environment

Smoke billows from house fire.

Video shows flames and thick smoke at house fire

A view from an EasyJet plane window as it flies above and to the side of an erupting volcano

Plane passengers film Iceland volcano lava from above

BBC News

East of England weather forecast

Composite image of Sir Keir Starmer and BBC Radio WM presenter Kath Stanczyszyn, who is pictured wearing headphones and speaking into a purple microphone

Will there be a Birmingham pub bombings inquiry?

Birmingham & Black Country

A huge Christmas tree on a flatbed lorry in font of the US Capitol building

US Capitol Christmas tree arrives in DC

Blurred still image from video clips shows people being taken out of a car

Migrants asked to rate trip in smuggler review videos

John Darvall sat on the left of a composite image, in a purple studio with a microphone in front of him. On the right is Keir Starmer with grey hair and brown glasses.

PM challenged on West's councils facing bankruptcy

BBC Newsline

BBC Newsline signed summary

BBC Scotland weather presenter Christopher Blanchett in front of a weather map of Scotland showing snow warnings.

Watch the Storm Bert weather forecast for Scotland

Mural of The Smiths bassist Andy Rourke unveiled

Parts of West Burton A power station being demolished

Power station demolition captured by drone

Lindsay Hoyle dragged by both arms

Watch: Moment Speaker dragged to Commons chair

In a traditional part of the process, the successful candidate pretends to be reluctant to take up the role.

Correspondent Ben Chu

Quick take on Labour's energy plan

BBC Verify's Ben Chu on what to make of Labour’s plans to decarbonise UK electricity production.

Chris Mason and Mark Logan

Watch: Former Tory MP says he is backing Labour

The former Conservative MP for Bolton North East has told the BBC he now supports Labour.

Factory workers in Milton Keynes

Watch: Party leaders on the campaign trail

Political party leaders have been out and about campaigning ahead of the general election.

Keir Starmer

I want the highest quality candidates - Starmer

The Labour leader says he wants the "highest quality" candidates to put to the voters.

Carla Denyer

Greens launch campaign target of 'at least four' MPs

The Green Party of England and Wales launch their election campaign in Bristol.

Faiza Shaheen talking on BBC Newsnight

Labour candidate says she's been blocked from standing

Faiza Shaheen says she's was told she will not be Labour's candidate after allegedly liking antisemitic posts on X.

Rishi Sunak

Rishi Sunak tells Chris Mason: Yes, I am changing minds

The PM tells the BBC's political editor he is "thoroughly enjoying" himself out meeting voters in the election campaign.

Sir Keir Starmer wearing a suit and a brown tie

Not true Abbott barred from standing - Starmer

The Labour leader says no decision has been taken to bar Diane Abbott.

Keir Starmer

Starmer pleased Rayner has been 'vindicated'

Labour's leader says he always had confidence in his deputy with the row over her council house sale.

Ed Davey falls from a paddle board

Going, going, gone: Ed Davey takes a dip in Windermere

The Liberal Democrats leader was paddle boarding on Lake Windermere in the Lake District.

Rishi Sunak

Watch: PM criticises Sir Keir Starmer's campaign speeches

The prime minister accused Labour's Sir Keir Starmer of "not having the courage" to tell voters about Labour ideas.

Nigel Farage

Labour and Tories are both 'social democrats', says Farage

Nigel Farage was speaking in Dover, as part of his campaign for Reform UK.

Sir Keir Starmer

Starmer asked if there's a 'lack of enthusiasm' for Labour

Labour leader Keir Starmer is pressed on whether there's a perceived lack of enthusiasm for his party.

Rachel Reeves

Reeves: No return to austerity under Labour

The shadow chancellor is quizzed on her economic plans should Labour win the general election.

Rishi Sunak

Sunak 'disappointed' smoking ban bill did not get through

The PM says he "stepped up to do something that is bold" over his bid to phase out smoking.

Craig Mackinlay MP

Watch: Limb loss MP on his return to Parliament

Craig Mackinlay says he was met by "a storm" of noise when he returned to the House of Commons

Rishi Sunak

Oops! Sunak asks if Welsh are looking forward to Euros

On a campaign trip, the PM asks voters if they will watch the football tournament, even though Wales did not qualify.

Richard Tice

Tories 'terrified' of Reform Party - Richard Tice

The Reform Party leader says Rishi Sunak "bottled it" over calling a surprise general election for July.

Sir Keir Starmer

A vote for Labour is a vote to stop the chaos - Starmer

On the first full day of election campaigning the Labour leader says "nothing will change" if the Conservatives get back into power on July 5.