Starting a Business

Business Organisation

Privatisation

Since 1980 the UK has reduced the number of public sector corporations dramatically with only a few remaining.  The sale of public sector corporations is known as privatisation.  This is where the ownership changes from government to private ownership, normally through the sale of shares.

Examples of Privatisations

Year of privatisation shown + amount raised by Government

  • British Gas - 1986 - £5.5bn
  • British Ports - 1983 - £0.1bn
  • British Telecom - 1984 - £14.6bn
  • British Aerospace - 1981 - £0.7bn
  • Jaguar Cars - 1984 - £0.3bn
  • Rolls Royce - 1987 - £1.5bn
  • British Airways - 1987 - £0.9bn
  • British Airports - 1987 - £1.2bn