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The Official History of Privatisation, Vol. II - Popular Capitalism, 1987-97 (Paperback)
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The Official History of Privatisation, Vol. II - Popular Capitalism, 1987-97 (Paperback)
Series: Government Official History Series
Expected to ship within 12 - 17 working days
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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. This study draws heavily on the official records of the
British government, to which the author was given full access and
on interviews with the 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 book will of great interest to students of
privatisation, British political history and of business and
economics in general.
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