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 In his report to the Conservative Party’s Economic Reconstruction Group in 1977, Nicholas Ridley wrote that:

"...denationalisation should not be attempted by frontal attack but by preparation for return to the private sector by stealth. We should first pass legislation to destroy the public sector monopolies. We might also need to take power to sell assets. Secondly, we should fragment the industries as far as possible and set up the units as separate profit centres."

For truth

David