Margaret Hodge questions PFI value for money

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Margaret Hodge, chair of the Public Accounts Committee, said the Private Finance Initiative (PFI) - used to build hospital and schools - had offered "pretty questionable value for money".

The Labour MP said it was "right thing to do at the time" but the new government should now try and re-negotiate some of the deals.

Richard Lambert, director general of the CBI, offers his view.

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