Thursday 26th April 2018
The privatization of cash….
Cast your mind back to the 80s and the conservative administration of Margaret Thatcher….
It’s a long time ago. And I know that it might be painful to recall a time when we all had more hair and trimmer waistlines – a time when much of what is now behind us still lay ahead, full of promise and potential….
But there is purpose in my request….
I want to briefly revisit the era that saw the Iron Lady – in cahoots with her long-time Trade Secretary, Keith Joseph – dispose of more than 50 nationalized British industries into the private sector….
- From public to private….
You might recall that the process began with the privatization of British Petroleum in October 1979. The privatization of British Aerospace followed in February 1981….
Then British Telecomm in 1984. British Gas – via the ‘Tell Sid’ television campaign – in 1986. Rolls Royce in 1987. Then British Airways and the water utilities in 1989. The electricity boards were the next domino to fall in 1990….
The privatization of British Rail began in 1994 – with track and infrastructure passing to the private sector. Passenger services headed the same way later….… Click here to read more