Belfast Telegraph

Friday 29 May 2015

PPI costly and it takes too long

As a former NHS manager, who was involved in examining the merits of PPI for a hospital development, I am amazed that concern about the value of related schemes is only emerging now.

The process for developing a PPI/PPP scheme was time-consuming and expensive; specifications/risk assessments for the bid had to be absurdly detailed, with costly penalties for any subsequent amendments, and it appeared to me the financial benefits were always doubtful.

In my opinion, it was merely a question of 'buy now and worry about how to pay later', because the capital wasn't available.



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