Public Receipts
Public Receipts is made up of
- income from taxes
- government borrowing
- issue of new currency
- other revenue
- commercial revenue from goods & services supplied by the public sector
- revenue from administrative activities (e.g. fees, rates)
- gifts/grants from foreign countries or organisations.
The Government gained significant Public revenue through state-owned institutions before Conservative privatisation programs under Thatcher.
- British Petroleum October 1979
- British Aerospace February 1981
- Cable & Wireless October 1981
- Amersham International February 1982
- National Freight Corporation February 1982
- Britoil November 1982
- Associated British Ports February 1983
- Enterprise Oil July 1984
- Jaguar August 1984
- British Telecommunications December 1984
- British Shipbuilders 1985 onwards
- British Gas December 1986
- British Airways February 1987
- Rolls-Royce May 1987
- BAA July 1987
- British Steel December 1988
- Water December 1989
- Electricity 1990
Since 2010, the Conservative party have resumed privatisation
- Royal Mail
- Student Loans Book
- UKAR (Granite)
- RBS
- Lloyds
- Other
