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The last privatisation

Eric Roll, the former president of SG Warburg (the Hamburgers), considers the ultimate sell-off and what went wrong

By Eric Roll   November 1996

On tuesday, the rumour started trickling between Westminster and the City. It was not known at which end of the great London axis it had started, but it was immediately greeted with disbelief. By Thursday, however, when it was known that it had begun as a lunchtime indiscretion by a junior minister, it had reached proportions which made irrelevant how it had begun. The prime minister, by arrangement, was asked a question in the House by a former Tory minister. He replied: “I am glad to be able to tell my Rt Hon friend that Her Majesty’s government has been…

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