Nationalised industries: the search for control

Heald, D. and Steel, D. (1981) Nationalised industries: the search for control. Chartered Institute of Public Finance and Accountancy: Public Money, 1(1), pp. 13-19. (doi: 10.1080/09540968109387101)

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Relations between central government and the nationalised industries are at an all‐time low. In pursuit of its policy of bringing down the public sector borrowing requirement, the Government has imposed strict cash limits on each industry's financing requirements. Yet, one after another, the nationalised industries have been authorised to breach their limit. The tool the Government chose was only one of a series of mechanisms put forward by the previous Labour Government when, in its 1978 White Paper, it sought to establish a coherent financial framework for the nationalised industries. But was that framework really all that coherent? And what should now be done to pick up the pieces of a policy that is clearly in ruins?

Item Type:Articles
Glasgow Author(s) Enlighten ID:Heald, Professor David
Authors: Heald, D., and Steel, D.
College/School:College of Social Sciences > Adam Smith Business School > Accounting and Finance
Journal Name:Chartered Institute of Public Finance and Accountancy: Public Money
Published Online:07 January 2009

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