The year 2009 just started and the public private finance (pfi-ppp) sector in the UK has a lot to say. There were some movement in the last days of 2008 but the credit crunch is hitting strongly the industry and in different ways.Firstly we can review how the year 2008 was in the PPP industry compared to previous years: PFI deals hit 10-year lowJust 35 public private partnerships signed in 2008. This helped make 2008 the worst year for PFI since the birth of the larger market in 1997. Over 60 deals have signed every year since 1998, with 66 deals closed in 2007. Following, the collapse in demand for recycled material is forcing local councils to change private finance initiative contracts. According to local press reports, Northumberland County Council has allowed its PFI partner, waste specialist Sita UK, to recycle 2% less waste because the company is struggling to sell recycled material.Moreover, according to the Construction Industry Federation (CIF) Public private partnerships have no future in helping to develop Ireland's social housing. The claims follow the collapse of a PPP social housing project involving Dublin council and developer Bernard McNamara.And last but not least, some apparent good news for the industry. The british New Local Government Network (NLGN) is encouraging councils to join a new mutual bank which would hold some of their reserves. The funds would then be used to lend to other local authorities to invest in infrastructure projects. It is estimated that between £15-20billion could be held by the bank.