The perils of payment by results

Payment by results, much beloved of the coalition - good idea in principle.  The trouble is that Whitehall has not really grasped what went wrong with their targets regime and therefore don't understand the perils of their new payment by results regime, as I discovered during a seminar in a Whitehall department last year.

The real problem is that payment by results will inevitably end up with targets again, as I explained in the new edition of Local Economy journal:

http://lec.sagepub.com/content/26/8/627.full.pdf+html