Labour party, led by Chancellor Rachel Reeves, considers reviving PFI deals for public infrastructure projects.

The UK's Labour party, under Chancellor Rachel Reeves, is reportedly considering reviving PFI (Private Finance Initiative) deals for public infrastructure projects, similar to the approach taken by New Labour in the past. This strategy would involve private financial institutions funding infrastructure projects, such as hospitals and schools. However, critics argue that the true costs of PFI can be hidden, resulting in a significant burden on future taxpayers.