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School Funding Reform

We have benefited from looking at some of the PFI schemes that were inaugurated under the previous Government. The James review drew various appropriate lessons about how we could ensure, through standardised design and more effective procurement, that we can save money right at the beginning of any process. My colleagues in the Treasury have today published a report revealing how it has managed to bear down on costs in existing PFI schemes, never mind new ones. Let me take this opportunity to pay tribute to Ministers in the Treasury, and to the campaigning energy of my hon. Friend the Member for Hereford and South Herefordshire (Jesse Norman). Together, they have ensured that we will make sure that PFI works in the interests of the whole public.