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Nationalised Industries

In: Performance Indicators in the Public Sector

Author

Listed:
  • Paul Jowett

    (Monitor Company)

  • Margaret Rothwell

    (Oxford Polytechnic)

Abstract

The Conservative government elected in 1979 considered privatisation to be the most appropriate strategy for improving the performance of nationalised industries, and within a relatively short period of time a significant number had been transferred to the private sector (see Table 6.1). The Thatcher administration believed that throughout the postwar period the lack of clearly defined objectives, combined with the emphasis upon non-financial targets, had been responsible for the disappointing and often poor performance of many nationalised industries; where privatisation was not considered to be suitable, vigorous attempts were thus made to introduce specific commercial criteria as a basis for assessment.

Suggested Citation

  • Paul Jowett & Margaret Rothwell, 1988. "Nationalised Industries," Palgrave Macmillan Books, in: Performance Indicators in the Public Sector, chapter 6, pages 83-98, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08987-1_6
    DOI: 10.1007/978-1-349-08987-1_6
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