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Impact of Private Finance Initiative on Public Services
The private finance initiative, predominantly championed by New Labour, has resulted in significant challenges for public institutions like hospitals, schools, and prisons. While initially used for road bridges, Labour expanded its application, leading to disastrous consequences for public provision. This approach has contributed to a national decline, impacting various aspects of life such as infrastructure and quality of living. The prevailing sentiment of a deteriorating quality of life compared to previous generations is eroding mental well-being. The narrative of feeling abandoned, neglected, and exploited by unrestrained capitalism under the guise of neoliberalism pervades society.