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Result 3

According to a recently leaked CBI memo, minister for the cabinet office Francis Maude told the Confederation of British Industry that there would not be wholesale privatisation because: “The government was not prepared to run the political risk of fully transferring services to the private sector with the result that they could be accused of being naïve or allowing excess profitmaking by private sector firms.”
“Political risk” is a euphemism for “public protest”.

Topics: Corporations