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Orders of the Day — Utilities Bill

Part of the debate – in the House of Commons at 4:52 pm on 31st January 2000.

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Photo of Nick Gibb Nick Gibb Shadow Spokesperson (Trade and Industry) 4:52 pm, 31st January 2000

The hon. Gentleman makes a good point that goes to the heart of the privatisation policy, in that most people—the City of London, Members of the House and experts—underestimated the efficiencies that would be delivered by moving those companies into the private sector. Does that not demonstrate how inefficient industries are when they are left in the state sector, and how successful privatisation has been?