Thatcherism - Privatisation (Assessment)

Question 1

________________ became on of the most enduring of the Thatcher legacies.

Answer 1

Privatisation

Question 2

By the end of the 1980s, the presumption was that everything that could be sold should be sold. The main motives were…

to reduce the role of the state in the economy and restore the powers of decision to the _________.

Answer 2

Individual

Question 3

Even the programme’s greatest admirers would admit that some of the privatization sales were rushed through without sufficient attention to the original aim of broadening competition and protecting the interests of consumers.

Professor John Kay: Whatever the economic consequences of privatization, it has proved a highly remunerative activity for three groups: the initial shareholders, the ________ (whose salaries have risen sharply) and the extensive group of professional advisors.

Answer 3

Managers