That's what I thought when I said that the nationalised industries were running at huge losses....so by off loading them these losses were eliminated freeing up money to spend...where? If our taxes paid to subsides national industry loss - why didn't we get a big tax reduction when they were sold off? Like I said I know nothing about economics but it just doesn't add up to me?!?
Take no notice, he's an unrestructured Thatcherite trying to defend the indefensible. The money went into paying private companies enough money to run erstwhile loss making services, with enough left over to make said private companies vast amounts of profit.
All those council houses too were of course absolute carp, and not worth keeping in the nation's housing stock (according to Thatcher). That's why thousands - if not millions - jumped at the chance of buying them for half price. The process is known as 'buying votes' - which is easy when it isn't your money.