Autumn Statement 2012: Good news for industry as son of PFI finally revealed
Chancellor George Osborne has used this week’s Autumn Statement to unveil a wave of infrastructure projects including new schools, hospitals and defence accommodation, to go forward under a revamped version of the private finance initiative, to be known as Private Finance 2 (PF2).
Deals drawn up under the new model will have to be closed out within 18 months and could, intriguingly, involve the public sector taking a shareholding of up to 49 per cent in the delivery company so they too can “share in the rewards”.
Until we know more about how these measures will be implemented in practice, it is impossible to know whether the perceived flaws of the previous “discredited” model have all been dealt with…
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The Safe Harbor scheme is of key importance to transatlantic trade.
Mr Mitchell’s solicitors have been denied the ability to recover costs, estimated to be in excess of £500,000, because they failed to file a costs budget on time.
Analysis from The Lawyer
Real estate continues to be the key money spinner for Nabarro, which has always been known for its work in the UK property market, (although) last year results were up across the firm. Google’s ...
A few UK200 firms – such as DWF – have managed to grow in the downturn. A few, such as Berwin Leighton Paisner, have come back stronger than ever after a wobble. Nabarro fits into neither category.