§ 23. Mr. John MarshallTo ask the President of the Board of Trade what assessment he has made of the impact of privatisation on industry efficiency. [10614]
§ Mr. LangPrivatisation is a major element in the Government's strategy to promote efficiency in the economy. It has led to increased investment, lower prices, better services and wider choice for consumers. A recent assessment by the Organisation of Economic Co-operation and Development concluded that
since privatisation, most of the regulated utilities have achieved substantial improvements in productivity".