This petition was submitted during the 2010–2015 Conservative – Liberal Democrat coalition government

Petition Annul PFI contracts which are bankrupting public services

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Private Finance Initiative funding of new hospitals, schools, transport projects and MOD accommodation has been detrimental to public finances to the advantage of private interests.

As an example: South London Healthcare NHS Trust had two hospitals built under PFI schemes around 10 years ago. The cost was £210m but with payments this year of £69m and amounting to £2,500m over 30 years, it is heavily in debt. This is being used as an excuse to close Lewisham Hospital's A&E.

At least six other NHS trusts are similarly facing bankruptcy.

This is clearly due to profiteering by banks and construction firms at the expense of the public purse.

We call on H M Parliament to pass legislation annulling all existing PFI contracts without  compensation and transferring ownership of the buildings concerned to the commissioning organisations.

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This petition is closed This petition ran for 6 months

695 signatures