ABSTRACT
This chapter summarises key developments in United Kingdom (UK) Public Private Partnership (PPP) up to the crisis; reviews the economic issues that have led up to the crisis; discusses the immediate impact of the crisis on the UK Private Finance Initiative (PFI) and PPP market together with the transition arrangements that were put into place by the Brown government; and, lastly, looks at recent initiatives taken by Cameron's Conservative-Liberal coalition government under the designation of Private Finance. One of the main points of this chapter is that the UK PPP landscape has been characterised by two contradictory developments. On the one hand, the general approaches within which PPPs/PFIs could be implemented have evolved and become more differentiated; allowing a greater number of public sector clients to utilise these procurement mechanisms. On the other hand, the contractual framework of UK PPP/PFI and its regulatory setting have remained largely unaltered.
