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Question by:
Andrew Boff
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Meeting date:
15 September 2010
Mr Mayor, when considering the allocation of funds for Decent Homes to boroughs, can you at least seek some assurance that those boroughs are going to spend that money in the most effective way possible, and treat with some suspicion and scepticism the very many Private Finance Initiative (PFI) schemes in London that have resulted in very poor value for money? I refer, in particular, to the PFI contracts let by the previous Liberal Democrat administration in Islington, which is £110 million over budget and subject to legal proceedings as we speak.