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…
If you are registered and logged in to the site, click on the link below to read the rest of the Nabarro briefing. If not, please register or sign in with your details below.
News from Nabarro
News from The Lawyer
Briefings from Nabarro
The FCA has published its policy statement on the regulation of crowdfunding. This follows its consultation paper in October last year.
On 25 February, the UK Information Commissioner’s Office (ICO) published its updated code of practice on conducting privacy impact assessments.
Analysis from The Lawyer
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem
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 ...