COUNCIL SPENDS 6% OF SCHOOL BUDGET PAYING LABOUR’S DEBTS
Schools across North Lanarkshire continue to count the cost of Labour’s toxic PFI legacy – which will see North Lanarkshire Council spend 6% of their school budget servicing the debts that Labour left behind from over a decade ago.
New research into the toxic PFI legacy which continues to plague Scotland’s public finances shows that of the total spend across North Lanarkshire’s schools this year, 6% of that money will be used paying off Labour’s debts from their time in government.
The analysis by independent researchers in SPICe has found that PFI unitary charges for Scotland’s schools in 2018/19 are estimated to be £434.3 million – almost 10% of Scottish schools’ total resource budget of £5.159 billion. In 2016/17, total PFI repayments cost Scotland over £1 billion.
Commenting, SNP MSP for Motherwell & Wishaw Clare Adamson said:
“Labour’s toxic PFI legacy means the public purse is still paying heavily over the odds servicing their decade-old debts.
“They ought to apologise for their mistakes – which will cost our schools in North Lanarkshire £23 million – and £434.3 million across Scotland – this year alone.
“Money that councils could use to pay for teachers, books and facilities is being used by councils forced to pay for Labour’s mistakes.
“In the meantime, we have seen the Labour administration in North Lanarkshire cutting vital classroom assistants from our schools.
“Thanks to Labour’s shameful legacy, the reality is we are going to be saddled with this bill for years to come.”