Members of the House of Lords debated the Economic Affairs Committee Report on Private Finance Projects and off-balance sheet debt, on Wednesday 3 November.
The debate was introduced by Lord Vallance of Tummel, former Chair of the Economic Affairs Committee.
The report, published in April, recommended that the government should monitor and control the impact of Private Finance Projects (PFP) on the budgets of government departments and public authorities and that PFP offered significant advantages over traditional means of procurement.
The Committee suggested that the government take measures to remove institutional bias in favour of private financing of public procurement. This would allow organisations to select PFPs, or other procurement methods, on a case-by-case basis, according to value for money.
Members speaking in the debate included:
Lord Sassoon responded on behalf of the government.