Permanent historical factsheet

Privatization

Great Britain · Government / Conservative Party Government. Chronological records rendered directly from the World History Database.

43Records
1952–1994Date range
14Named people
2Places

Chronological records

1952

Winston Leonard Spencer Churchill5 November 1952

London · Government / Conservative Party Government

The Bill for the denationalzation of steel is introduced into the House of Commons

1953

Winston Leonard Spencer Churchill14 May 1953

London · Government / Conservative Party Government

The Bill for the denationalization of steel is given the Royal Assent

1979

Joseph1979

London · Government / Conservative Party Government

Challenges British Telecoms monopoly by helping to create Mercury Communications

1981

Nigel Lawson19 October 1981

Government / Conservative Party Government

Announces proposals in the House of Commons to privatize British Gas. Announces proposals in the House of Commons to privatize BNOC

Nigel Lawson10 November 1981

Government / Conservative Party Government

Unerwriting for the privatization of BNOC & British Gas is completed

Nigel Lawson17 December 1981

Government / Conservative Party Government

The Bill to privatize British Gas & BNOC is published

Nigel Lawson1981

Government / Conservative Party Government

Sets the course for the later privatizations of the gas and electricity industries and on his return to the Treasury he worked closely with the Department of Trade and Industry in privatizing British Airways, British Telecom, and British Gas

Margaret Hilda Thatcher1981

London · Government / Conservative Party Government

Cable & Wireless is sold for œ224 million

1982

Patrick Jenkin1982

London · Government / Conservative Party Government

Announces British Telecom is to be privatized

Margaret Hilda Thatcher1982

Bristol · Government / Conservative Party Government

Britoil is sold for œ549 million

1983

Nigel Lawson29 June 1983

Government / Conservative Party Government

Decides to sell mor British Petroleum shares due to the increase in PSBR

George Jefferson1983

London · Government / Conservative Party Government

Helps the Government prepare BT for privatization

Norman Tebbit1983

London · Government / Conservative Party Government

Introduces a Bill into Parliament to privatize British Telecom

Margaret Hilda Thatcher1983

London · Government / Conservative Party Government

Associated British Ports is sold for œ22 million

1984

Margaret Hilda Thatcher20 November 1984

Government / Conservative Party Government

British Telecom is floated on the stock exchange

Nigel Lawson1984

Government / Conservative Party Government

Completes the privatization of British Telecom

Margaret Hilda Thatcher1984

Government / Conservative Party Government

Jaguar Motors is sold to private investors. Jaguar is sold for 294 million. Enterprise Oil is sold for 392 million. British Telecom is sold for 3,916 million

1985

Margaret Hilda Thatcher26 March 1985

London · Government / Conservative Party Government

Agrees to the total privatization of British Gas

Nigel LawsonSeptember 1985

Government / Conservative Party Government

The Trustee Savings Bank is sold

Nigel Lawson1985

Government / Conservative Party Government

The Trustee Savings Bank is sold. Lawsons budget continues the trend of shifting from direct to indirect taxes by reducing National Insurance contributions for the lower-paid while extending the base of value-added tax. Introduces a Bill to privatize the Trustee Savings Bank

1986

Kenneth Baker1986

London · Government / Conservative Party Government

Publishes the White Paper for the privatization of Water

Nigel Lawson1986

Government / Conservative Party Government

A 100% of British Gas is offerred for sale in December raising œ5.4 billion

Margaret Hilda Thatcher1986

London · Government / Conservative Party Government

British Gas is sold for œ5,434 million

1987

Nigel Lawson29 October 1987

Government / Conservative Party Government

Announces in Parliament the BP flotation will go ahead despite the stock market crash

Nigel Lawson30 October 1987

Government / Conservative Party Government

BP shares are sold on the stock exchange after a buy back scheme is introduced

Nigel Lawson1987

Government / Conservative Party Government

British Airways is sold for œ900 million in February

Margaret Hilda Thatcher1987

Government / Conservative Party Government

The British Airports Authority is sold for œ1,281 million. Rolls Royce is sold for œ1,363 million. British Airways is sold for œ900 million. Agrees on the eve of the election with Lawson & Walker to privatize electricity

1988

Cecil Parkinson25 February 1988

London · Government / Conservative Party Government

Announces to the House of Commons his intention to privatize the electricity industry

Margaret Hilda Thatcher1988

London · Government / Conservative Party Government

British Steel is sold for œ2,500 million

1989

Nicholas RidleyDecember 1989

London · Government / Conservative Party Government

The ten regional water authorities are privatized raising 5 billion pounds

Nigel Lawson1989

London · Government / Conservative Party Government

10 regional water companies are "floated on the stock exchange in November

Cecil Parkinson1989

London · Government / Conservative Party Government

It is decided to keep Magnox power stations under Government control

Margaret Hilda Thatcher1989

London · Government / Conservative Party Government

The Regional Water Companies are sold for 5,110 million pounds

1990

John Roy Major5 December 1990

London · Government / Conservative Party Government

Electricity privatization is launched

John Roy Major1990

London · Government / Conservative Party Government

The Electricity Distribution Companies are sold for œ5,092 million. National Power & Power Gen are sold for œ2,230 million

John Wakenham1990

Government / Conservative Party Government

Minister responsible for the privatization of the electricity industry

1991

John Roy Major1991

London · Government / Conservative Party Government

Scottish Power & Scottish Hydro Electricare sold for 2,880 million pounds

1993

John Roy Major1993

Government / Conservative Party Government

Legislation is passed to nationalize the railways

1994

John Roy Major1 February 1994

Government / Conservative Party Government

The stock-market confirms German prestige car-maker BMW is buying the majority share - 80% - in Rover from British Aerospace (BAe) for 800 million pounds

John Roy Major1 February 1994

London · Government / Conservative Party Government

There are angry clashes in the House of Commons over the sale of the last major british car manufacturer Rover

George Simpson1 February 1994

Government / Conservative Party Government

The stock-market confirms German prestige car-maker BMW is buying the majority share - 80% - in Rover from British Aerospace (BAe) for 800 million pounds. Rover chairman George Simpson flies to Tokyo as soon as the BAe board agrees to accept BMWs offer

John Roy Major29 December 1994

London · Government / Conservative Party Government

The privatization of British Coal Corp is completed

Ian Kinloch MacGregor1994

Government / Conservative Party Government

Only 15 deep coal mines remain at the time of privatisation in 1994

Names involved

Cecil ParkinsonGeorge JeffersonGeorge SimpsonIan Kinloch MacGregorJohn Roy MajorJohn WakenhamJosephKenneth BakerMargaret Hilda ThatcherNicholas RidleyNigel LawsonNorman TebbitPatrick JenkinWinston Leonard Spencer Churchill

Provenance

This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.