§ Mr. BercowTo ask the Secretary of State for Health what estimate he has made of the total savings to public funds of the Private Finance Initiative contract for the old age psychiatry services for the Stockport NHS Trust by comparison with a non-Private Finance Initiative alternative. [49521]
§ Mr. HuttonThe Stockport National Health Service Trust business case justifying the individual schemes estimated the annual net savings in present value terms (for example all future costs and benefits discounted to their present values) compared with publicly funding the scheme as follows:
Net present costs of public sector comparator (PSC) v. PFI option £000 Private finance initiative 3,350 Public 3,379 Annual savings in net present value terms 29 Percentage difference—0.9