Originally posted by DodgyAgent
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But nationalistion is back on the table:
By the late 1970s, and throughout the 1980s, most UK's major State owned industries were sold off to the private sector through privatisation. The intention was that, back in the free market, these industries would become more efficient and would be able to modernise by having greater access to the capital markets, and by employing more modern and dynamic management. Privatisation also generated huge revenues for the UK Treasury as well as allowing tax cuts and creating an environment where other supply-side reforms could be implemented.
Following the banking collapse of 2009, nationalisation was put firmly back on the agenda, if only in terms of the financial system.
Following the banking collapse of 2009, nationalisation was put firmly back on the agenda, if only in terms of the financial system.
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