“For fear they might only get one term they are dashing to secure that indelible legacy. The plan is to outsource so much that reconstructing public services will be impossible in future.” Polly Toynbee reports on an epidemic of evidence-free, faith-based policymaking that is creating moral hazard on a grand scale.
“A moral hazard is a situation where there is a tendency to take undue risks because the costs are not borne by the party taking the risk.”