StudentShare solutions
Got a tricky question? Receive an answer from students like you! Try us!

Essay example - Privatisation in UK

Only on StudentShare
Pages 6 (1506 words)
We must do what we can to encourage corporate responsibility. But we cannot leave companies to regulate themselves globally, any more than we can do in our own national economies." - Jack Straw MP, Secretary of State for Foreign and Commonwealth Affairs, September 2001

Extract of sample

Privatisation in the UK has been part of a broader strategy to increase the role of markets in former state industries, to change the means of public control (by substituting arms-length regulation for more direct political control) and to modify incentives to economic efficiency. This process has taken more than fifteen years so far, and will take longer still to come to come to full fruition.
The Government's approach to Company Law Reform has been dominated by a desire to please sections of the business lobby. This has undermined attempts to deliver corporate responsibility. In November 2005, Gordon Brown announced his intention to scrap the Operating and Financial Review (OFR), which would have obliged companies to report on their social and environmental performance. It is thus inevitable to take into consideration the underlying system of national (corporate) laws that regulates this field or that suffers from proper implementation, reform or application. ...
Download paper
Not exactly what you need?

Related papers

The most current to try out with privatisations have been the East European countries that have perceived privatisation as the fastest track to move from communalism to private enterprise.…
8 pages (2008 words)
Privatisation Essay
But privatization increases the quality of services to the customer and thus resulted in greater customer satisfaction, although the price for the services has increased. Another advantage of privatization is the change in attitude of the government employees. They started to behave in a cordial manner to the customer and began to treat the customer as a respectful entity. Complaints regarding the…
3 pages (753 words)
landlord and tenant in the uk
The paper starts by distinguishing empowerment from participation, and makes a number f comments relating to the recent literature on tenant participation in particular. It is argued that there is a need for a more rigorous examination f empowerment processes, and in the following section an attempt is made to devise a typology f such processes which is completely different from any typology f…
16 pages (4016 words)
UK policing
It shows us that in the present time the police can exploit the technology to seize the criminals (i.e. via DNA Testing, Finger-Prints etc), unlike in the past with no use of technology. (EDWARDS 1994 131-50)…
19 pages (4769 words)
The UK Nationalization between 1946 and 1986
(Cairncross, 1986) The fragmented coal industries were nationalised and so were the railway, steel and telecommunication industries. Utilities were also nationalised by the Labour government. (Tomlinson, 1982; Durbin, 1985)…
5 pages (1255 words)
Impact of liberalisation of the UK postal services market
Many governments owned so-called natural monopolies such as water, power, and postal services on the assumption that market efficiency would be attained if there were only a single seller. It is easy to see why a monopoly may be needed in some markets, as in the case of utilities where large investments are needed, or in postal services where a number of mail delivery routes are not profitable…
12 pages (3012 words)