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Privatisation was the subject of fierce party conflict in the 1980's and early 1990's, but since the mid 1990's there has been a growing consensus over the issue. Explain and evaluate this statement
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Privatisation was the subject of fierce party conflict in the 1980's and early 1990's, but since the mid 1990's there has been a growing consensus over the issue. Explain and evaluate this statement? Privatisation is the transfer of state-owned or nationalised industries to the private sector and Margaret Thatcher was the first to do this on a large scale in the late 1970's and early 80's. The Conservative Party felt that privatisation was the way forward and would help in their aim for a free market economy. They believed that privatisation would make industries more efficient by increasing the need for survival and profit. Privatisation also fitted in with Margaret Thatcher's view of a 'share owning democracy'. She wanted the ordinary people to be shareowners, as this would root capitalism into the countries roots. This aim was achieved, as by 1992 there were 10 million shareholders within the UK. The Tories wanted...
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