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The true cost of the PFI schools scheme.

The true cost of the PFI schools scheme.

Dozens of empty or demolished schools will reportedly cost taxpayers £100million in the next two decades as local authorities are left saddled with the lease of the buildings from private companies.

The schools were built under the controversial Private Finance Initiative (PFI) scheme where private firms paid for the buildings and leased them back to the government for up to 40 years.

The Labour government rolled out the programme which has since been shelved in 1997, to boost public spending without tapping into the Treasury for funds.

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