London's Fire Engines - Repossessed???

#2
I thought it was just the appliances that were taken off the run to cover the recent firestrikes, that article seems to imply that all appliances are owned not by LFB but by a private firm
 
#6
I thought it was just the appliances that were taken off the run to cover the recent firestrikes, that article seems to imply that all appliances are owned not by LFB but by a private firm
They are all owned by Assetco, maintaice and changeovers, they get a new pump every 3 years, very nice juicy contract, after LFB got rid of there own workshops
 
#7
#8
All PFI is about profit not services and its come round to bite the Fire Brigade HQ arse.
And yet morons who are alledged to be intelligent and savvy enough to be promoted to top slots in whichever organisation is doing the PFI don't see this. They really think an outside firm contracted in will do the same for less for longer... than an organic asset such as a workshop owned by the LFB.
 
#9
who thinks the conversation went like this
chief trumpton to the treasury Boss we need new fire engines.
sorry no cash but you can sign up for this brilliant PFI deal
chief trumpton but this will cost 10X and we won't own the fire engines.
treasury but you get exculsive use of them and over thae cost is spread over 30 years think of it like a mortagage.
chief trumpton sigh ok :(
blair and his mates are responsible for this pfi was a ******* stupid idea that nobody though was a good idea and Don't remember voting for it.
 
#10
Phuq, you poor bastards!! If that happens you could be in the shit. Such a situation could never happen here, our Sapeurs-pompiers are part of the DDSC, paid for entirely by central government. This is what happens when a mong government thinks it can do something on the cheap!!
 

Wordsmith

LE
Book Reviewer
#11
I've give you good odds it was that one eyed oaf Brown moving things off the balance sheet so that his debts didn't look as bad as they actually were. PFI initiatives weren't counted as part of the Public Sector Burrowing Requirement, so it didn't look as if we were as deep in the shit as we were.

Unfortunately, all this financial sleight of hand did in reality was land us with every larger sums to pay back.

This won't be the first or last of Cyclops's bright ideas to come back and bite us. Hopefully AssetCo will go tits up and invalidate the PFI contract - then we can do the whole thing in house and cheaper.

Wordsmith
 
#12
Brian Coleman who is Chair of the London Fire Authority has something to do with Asset Co......Private Eye are always on his case. Seems to be an odious little ******.
 
#13
Phuq, you poor bastards!! If that happens you could be in the shit. Such a situation could never happen here, our Sapeurs-pompiers are part of the DDSC, paid for entirely by central government. This is what happens when a mong government thinks it can do something on the cheap!!
PFI is nothing to do with doing anything on the cheap, its all about backhanders and doling out taxpayers money in vast quantities to the friends of government ministers.

In the rest of the world its called corruption.
 
#14
I've give you good odds it was that one eyed oaf Brown moving things off the balance sheet so that his debts didn't look as bad as they actually were. PFI initiatives weren't counted as part of the Public Sector Burrowing Requirement, so it didn't look as if we were as deep in the shit as we were.
It was Ed Balls' idea but apart from that, you've hit the nail right on the head. All PFI does is make government debt look smaller than it actually is.

Far from "doing things on the cheap" you end up paying vastly more. But then again, who cares? By the time things start going seriously wrong, it's another government's problem while you swan off for Learjets, rape and pillage at the IMF.
 
#15
if and hopefully when the true scale of pfi comes out,i would like to think that someone is going to go thourgh the books and collars felt ,alas cannot see it.
looks like the blood service and large chunks of mod support service will be sold out/off next.
 

FORMER_FYRDMAN

LE
Book Reviewer
#16
It was Ed Balls' idea but apart from that, you've hit the nail right on the head. All PFI does is make government debt look smaller than it actually is.

Far from "doing things on the cheap" you end up paying vastly more. But then again, who cares? By the time things start going seriously wrong, it's another government's problem while you swan off for Learjets, rape and pillage at the IMF.
Actually, off-balance sheet financing was pioneered by Mussolini and it was immediately and roundly denounced as grossly dishonest. Always interesting to know where Psycho Eddie gets his political inspiration from and indeed, his Evil Lord, McRuin.
 
#17
Dust off the Green Godesses!
That has reminded me.

I thought in the last Op Fiasco that we couldn't use the Red Engines because they belonged to the LFB? Now it turns out we could have just asked AssetCo for them...
 
#20
It might not be all doom; when the bank's repossessed all the pumps they'll be looking for someone to take them off their hands. Now who could be in the market for a job lot of cheap fire engines in the London area?
 
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