Success of Privatisation Flashcards
1
Q
Government money
A
Raised £19 billion - funded government cutting taxes
2
Q
Shareholders
A
In 1979, 7% of population owned shares
By 1990, 25% did
3
Q
Improved customer experience
A
Privatisation of 10 state-owned regional water authorities in 1989 → number of customers at risk of low water pressure fell by 99%
BT privatisation led to better customer service: wait time for installation reduced from 6 months to 15 minutes
