Legal Regulation and Public Policy
Appendix III: Recharacterisation of UK enterprises: some historical examples
Aerospace and Shipbuilding [Aircraft and Shipbuilding Industries Act 1977]. British Aerospace and British Shipbuilders set up.
British Railways (1948) [Transport Act 1947]. Came under control of British Transport Commission (established in 1947).
British Waterways (1948) [Transport Act 1947]. Originally came under control of British Transport Commission in 1948 and then the British Waterways Board, which was set up in 1963. Then, in 2012, control was transferred to a non-profit making trust, the Canal and River Trust.
British Steel (1949, 1967) [Iron and Steel Act 1949]. Nationalisation, which involved the creation of the Iron and Steel Corporation of Great Britain, was unwound in 1952 and then reinstated in 1967 as the British Steel Corporation [Iron and Steel Act 1967]. In 1988 the industry was again privatised, with British Steel plc being formed. This eventually merged and became Corus.
Coal (1947) [Coal Industry Nationalisation Act 1946].
Royal Bank of Scotland (2008) [Banking (Special Provisions) Act 2008] The government took a controlling interest in 2008 as part of a financial rescue during the global financial crisis.
State Management Scheme (1916) (breweries, alcohol outlets in Carlisle, Enfield and Cromarty Firth) [measures derived from the Defence of the Realm Act 1914]. This scheme was finally terminated in 1971.
Amersham International (1982)
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