Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

Orders of the Day — Utilities Bill

Part of the debate – in the House of Commons at 5:46 pm on 31st January 2000.

Alert me about debates like this

Photo of John Butterfill John Butterfill Conservative, Bournemouth West 5:46 pm, 31st January 2000

I do not think that we did get it wrong, although it was not possible to get everything perfect. Much play has been made by Labour Members of the prices at which the industries were sold, but we should remember the climate. Privatisation had not been attempted before. Many people, especially all the then Opposition Members and including some people in the City, did not think that it could be done. People were nervous about the prices that the industries would be sold at, especially because they would be subject to close regulation. Indeed, people told us that it would not be possible to privatise electricity provision unless we took the nuclear industry out. That is why nuclear was not privatised at the same time as the other generators.