Top privatisation companies don't even pay taxes on the profits they leech out of public services.
Five offshore 'PFI' firms spent five years paying almost no corporation tax - on profits of nearly £2 billion. On top of this, nine offshore companies now own 45% of total PFI and 'PPP' privatisation project value.
The shock figures on Britain's 735 major sell-off schemes come from the European Services Strategy Unit think-tank.
Selling state services for bosses' bottom lines is bad enough. Now the vultures won't even let us claw a bit back through taxation.
Scrap all PFI and PPP contracts. Take the lot back into public ownership. Don't pay a penny to predator profiteers. Use their resources to help fund quality services and decent wages.
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