8th September 2006 at 01:00
The SNP, currently ahead of Labour in some polls, has pledged to sweep away the public private partnership with a "Scottish Futures Trust" if it wins power in the Scottish elections next May.

The Nationalists claim PPP, currently rebuilding pound;2 billion worth of schools, has left Scotland with extra costs of pound;5bn in "credit card"-style costs, so-called because of high interest payments over 30 years. Their plan would release an additional pound;116 million a year for public services just by switching from the funding regime on current projects, the party says.

The new trust would be based on the issuing of public bonds which would have access to lower cost borrowing.

Log-in as an existing print or digital subscriber

Forgotten your subscriber ID?


To access this content and the full TES archive, subscribe now.

View subscriber offers


Get TES online and delivered to your door – for less than the price of a coffee

Save 33% off the cover price with this great subscription offer. Every copy delivered to your door by first-class post, plus full access to TES online and the TES app for just £1.90 per week.
Subscribers also enjoy a range of fantastic offers and benefits worth over £270:

  • Discounts off TES Institute courses
  • Access over 200,000 articles in the TES online archive
  • Free Tastecard membership worth £79.99
  • Discounts with Zipcar, Buyagift.com, Virgin Wines and other partners
Order your low-cost subscription today