Stern words from the Treasury

In a well-attended Westminster Business Forum gathering in London in mid-May, public sector officials gathered with private sector representatives to discuss PF2, the UK’s new procurement model for the delivery of public-private partnerships (see also p.6). 

Those present were interested to hear an infrastructure fund manager (identity generously protected) deliver a less- than-entirely-enthusiastic assessment of PF2’s merits. They became even more interested when said manager suddenly stopped short and then hesitantly uttered something along the lines of “I can see a senior Treasury official has entered the room , I’d better shut up now”.

The Treasury official turned out to be PPP policy head Jo Fox, who, prior to delivering the final speech of the session, ominously declared that she would be examining the transcript of what was said earlier. She was probably joking, but it was quite hard to tell.