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Public Ownership and Privatisation Abstract: The eighteen years of Conservative rule were one of the most distinctive and controversial periods in post-war politics. Whether one agrees or disagrees with the accompanying policy changes, or the notion of 'Thatcherism' as a coherent and rational ideology, what is significant is the ways in which Thatcherism challenged the post-war consensus. The uninterrupted period of Conservative government since 1979, coupled with an opposition that was often divided and weak, provided a political environment within which their policies developed and matured. Despite some historical antecedents, privatisation represented a significant departure from this consensus, especially in relation to the role of the state and the idea of a mixed economy. This lecture examines the development of public ownership and privatisation policies, the underlying rationale and their consequences. In this respect, particular attention is devoted to the sale of state assets, but other forms of privatisation are considered...

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