privitisation deregulation nationalisation Flashcards
(6 cards)
Royal Mail
2006- deregulation, open competition, encourage x efficiency and lower prices
privatised 2016, reduce burden natioanl debt
since privatisation strikes, service quality and complaints increased
British steel Scunthorpe
2023 British steel reported losses 231 million
2025 gov intervened to control British steels Scunthorpe plant to prevent shut down of last virgin steel producer
maintain employment
great British energy
state owed company investing in operating are renweable energy projects
great British railways
new state owned entity designed integrate rail infrastructure and train service operations gradually take over private sector as rain franchises when they come to an end
national rail and ORR
ORR price caps and cha=rages rail operators pay to use tracks
network rail has faced criticism for inefficiency, delays and overruns in infrastructure projects