Channel 4: Consultation - Question

Part of the debate – in the House of Lords at 2:35 pm on 16th November 2021.

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Photo of Lord Fowler Lord Fowler Non-affiliated 2:35 pm, 16th November 2021

I am grateful to the noble Lord, Lord McNally, and indeed to everyone else who has spoken so far. I gently point out that privatisation has often been to the benefit of the public and the organisations being privatised. In the first privatisations of the Thatcher years, in which I was involved, we achieved the first employee buyout of a major company and the ability of British companies, who were starved of cash, to get the resources necessary to expand. Surely the important challenge for the Government is for them to give an assurance that their priority is to develop Channel 4 rather than simply to raise money.