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Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 10th December 1981.

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Photo of Mrs Margaret Thatcher Mrs Margaret Thatcher The Prime Minister, Leader of the Conservative Party 12:00 am, 10th December 1981

There is no substitute for the discipline of competition. A nationalised monopoly does not have that discipline, and usually, therefore, is nothing like as efficient as the private sector, which is subject to that discipline. It is because of that that we are attempting to have closer discipline of the nationalised industries, to give clearer objectives and to have very much closer monitoring of the quarterly results of those industries, with a view to getting greater efficiency in the service to the consumer.