This first volume of the Official History studies the background
to privatisation, and the privatisations of the first two
Conservative Governments led by Margaret Thatcher from May 1979 to
June 1987. First commissioned by the then Prime Minister Tony Blair
as an authoritative history, this volume addresses a number of key
questions:
- To what extent was privatisation a clear policy commitment
within the Thatcher Governments of the 1980s - or did Government
simply stumble on the idea?
- Why were particular public corporations sold early in the 1980s
and other sales delayed until well into the 1990s?
- What were the privatisation objectives and how did they change
over time, if at all?
- How was each privatisation planned and executed, how were
different City advisers appointed and remunerated, what precise
roles did they play?
- How was each privatisation administered; in what ways did the
methods evolve and change and why? How were sale prices
determined?
- Which government departments took the lead role; what was the
input of the Treasury and Bank of England; and what was the
relationship between Ministers and civil servants?
The study draws heavily from the official records of the British
Government to which the author was given full access and from
interviews with leading figures involved in each of the
privatisations including ex-Ministers, civil servants, business and
City figures, as well as academics that have studied the subject.
This new official history will be of much interest to students of
British political history, economics and business studies.
General
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