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Public Finance Limited - Trends
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In 1992, the United Kingdom (UK) began the implementation of an innovative public finance program that offered the promise of rebuilding Britain's infrastructure without a politically unpalatable increase in public borrowing or taxation. Termed the "Private Finance Initiative" (PFI), this program emerged from the conservative administrations of the 1980s and early 1990s as an extensive form of outsourcing of traditionally public--sphere management activities to the private sector. Under PFI, the United Kingdom will sell the bulk of its property holdings and outsource the management of most public services ...
Police funding has risen by £4.8 billion and 77 per cent (39 per cent in real terms) since 1997. However the days where forces have enjoyed such levels of funding are over. Chief Constables and senior management recognize that the annual cycle of looking for efficiencies year-on-year is not sustainable, and will not address the cash shortfall in years to come. Facing slower funding growth and real cash deficits in their budgets, the Police Service must adopt innovative strategies which generate the productivity and efficiency gains needed to deliver high quality policing to the public. Read More
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