Original sentence: According to Treasury and NAO reports that PFI deals are very much more likely to be delivered on time and on budget - a study by the Treasury in July 2003  showed that the only deals in its sample which were over budget were those where the public sector changed their minds after deciding what they wanted and from whom they wanted to buy it.As against that, however, there have been a number of high-profile PFI failures, many of which have been exposed by Private Eye, a British satirical magazine.It immediately proved controversial, as it was perceived by critics as a back-door form of privatisation.Nonetheless, the Treasury found the scheme advantageous and pushed Labour to adopt it after the 1997 general election.PFI has continued and, indeed, expanded under Labour.The 2002 Labour Party Conference passed a vote against PFI, though this did not change the government's policy.The Private Finance Initiative was begun under the Conservative government of John Major in 1992.This has been strongly criticised by many trade unions and elements of "Old Labour"
Edited sentence: According to HMT and NAO reports that PFI deals are very much more likely to be delivered on time and on budget - a study by HMT in July 2003  showed that the only deals in its sample which were over budget were those where the public sector changed their minds after deciding what they wanted and from whom they wanted to buy it.London Underground's PPP.Many see PFI as 'creeping privatisation' claiming that the plan is privatisation in all but name.PFI has also been a centre of the Old Labour resistance to New Labour; the government has brazenly defied a vote against PFI by the 2002 Labour Party Conference.PFI is a controversial program, with many trade unions across Britain launching campaigns against it.There have been some problems with PFI, many of which have been monitored by Private Eye, a British satirical magazine