British Regulatory Reforms

Act

Date

Main Regulatory Provisions

Broadcasting Act 1980 Allows IBA second television service
Competition Act 1980 Provided new procedures for dealing with anti-competitive practices
Transport Act 1980 Liberalized express coaching and increased access to other road services
Fisheries Act 1981 Establish Sea Fish Industry Authority to Regulate See Fishing in the UK
Telecom Act 1981 Began liberalization of telecoms: deregulate high value, courier and postal services
Oil and Gas (Enterprise) Act 1982 Liberalized Gas Supply
Energy Act 1983 Increased Access to entrants to electricity generation
Telecom Act 1984 set up Office of Telecom; abolished BT"s exclusive privileged in telecommunications; allowed privatization
Cable and Broadcasting Act 1984 Established Cable Authority
Civil Aviation Act 1980 Liberalized domestic aviation, and international aviation where possible
Transport Act 1985 Deregualted local bus services
Airports Act 1986 Allowed privatization of BAA: regulation of use and economic controls of airports
Gas Act 1986 Established OFGAS; ends monopoly privileges of British Gas; allowed privatization
Wages Act 1986 Abolition of Wages Councils
Building Societies Act 1986 Set up Building Societies Commission, gave building societies new powers, gave statutory basis to compensation scheme
Financial Services Act 1986 Gave authority to the Securities and Investment Board to regulate a wide range of investment business
Banking Act 1987 New provisions for regulating the acceptance of deposits; protecting of depositors, and regulating the use of banking names and descriptions
Local Government Act 1988 Required competitive tendering of various local government services
Water Act 1989 Set up National Rivers Authority; set up Office of Water Services; allowed privatizaiton of ten regional water authorities
Electricity Act 1989 Set up Office of Electricity Supply; separated the electricity industry into grid, distribution and generation companies; allowed privatization

 

 

Source: Bishop M., and Thomposn, D. (1993), Privatization in the UK, In: Ramanadham V.V. (ed), Privatization: A Global Perspective, London and New York, 1993, pp. 1-28,

 

 


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