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After extensive privatisation of the public sector during the Margaret Thatcher administration, there remain few statutory corporations in the UK. Privatisation began in the late 1970s, and notable privatisations include the Central Electricity Generating Board, British Rail, and more recently Royal Mail.
The Thatcher administration had already sold off nearly all the former state-owned industries, apart from the national rail network. Although the previous Transport Secretary Cecil Parkinson had advocated some form of privately or semi-privately operated rail network, this was deemed "a privatisation too far" by Thatcher herself. [30]
The privatised industries that demonstrated improvement sometimes did so while still under state ownership. British Steel Corporation had made great gains in profitability while still a nationalised industry under the government-appointed MacGregor chairmanship, which faced down trade-union opposition to close plants and halve the workforce ...
Margaret Thatcher; Ronald Reagan ... heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised ...
The company was privatised in November 2021, when the Greek government decreased its shareholding to 34.12% and transferred it to the Greek sovereign wealth fund, the Hellenic Corporation of Assets and Participations (HCAP).
By the 1970s, the Labour government's main goal for the declining industry was to keep employment high. Since British Steel was a major employer in depressed regions, it was decided to keep many mills and facilities operating at a loss. In the 1980s, Conservative Prime Minister Margaret Thatcher re-privatised BSC as British Steel. Under private ...
Margaret Thatcher was Prime Minister of the United Kingdom from 4 May 1979 to 28 November 1990, during which time she led a Conservative majority government. She was the first woman to hold that office. During her premiership, Thatcher moved to liberalise the British economy through deregulation, privatisation, and the promotion of ...
The social history of the United Kingdom (1979–present) began with Conservative Prime Minister, Margaret Thatcher (1979–1990) entering government and rejecting the post-war consensus in the 1980s. She privatised most state-owned industries and worked to weaken the power and influence of the trade unions.