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The Official History of Privatisation, Vol. II: Popular Capitalism, 1987-97

The Official History of Privatisation, Vol. II: Popular Capitalism, 1987-97

Hardcover

Series: Government Official History

EconomicsGeneral Political ScienceBritish History

ISBN10: 0415692210
ISBN13: 9780415692212
Publisher: Routledge
Published: Mar 21 2012
Pages: 672
Weight: 2.45
Height: 1.44 Width: 6.14 Depth: 9.21
Language: English

This is Volume II of Professor Parker's authoritative Official History of Privatisation, covering the period from the re-election of Margaret Thatcher in 1987 to the election of Tony Blair in 1997.

Volume II considers in detail several of the major privatisations, including those of airports, steel, water, electricity, coal and the railways, as well as a number of smaller ones. Each privatisation involved major challenges in terms of industrial restructuring, organising successful sales and, in a number of cases, establishing effective regulatory regimes. The policy evolved and new methods of selling and regulating were put in place that enabled further disposals to occur. Monolithic nationalised industries with their emphasis on the benefits of economies of scale, vertical integration and rationalisation, were replaced by industrial structures rooted in the importance of commercial management, risk taking and competition. In government departments and parts of the National Health Service, direct employees were replaced by private contractors, and private investment became a characteristic of public infrastructure in the form of PFI/PPP schemes.

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