List of nationalizations by country

1 week ago 8

unbalanced brackets

← Previous revision Revision as of 17:38, 6 July 2025
Line 330: Line 330:
* '''2001''' [[Railtrack]] - The owner and operator of the railway infrastructure, Railtrack, was not nationalised as such. However, its replacement [[Network Rail]], whilst not a state-owned company, had no shareholders ''([[company limited by guarantee]])'' and was underwritten by the state. Prior to this the government began to make use of a residual shareholding of 0.2% (including voting rights) in Railtrack Group Plc left over from the original sale.<ref name="Ref_m">[https://publications.parliament.uk/pa/cm200102/cmhansrd/vo020212/text/20212w16.htm House of Commons Hansard Written Answers for 12 February 2002 (pt 16)<!-- Bot generated title -->]</ref>
* '''2001''' [[Railtrack]] - The owner and operator of the railway infrastructure, Railtrack, was not nationalised as such. However, its replacement [[Network Rail]], whilst not a state-owned company, had no shareholders ''([[company limited by guarantee]])'' and was underwritten by the state. Prior to this the government began to make use of a residual shareholding of 0.2% (including voting rights) in Railtrack Group Plc left over from the original sale.<ref name="Ref_m">[https://publications.parliament.uk/pa/cm200102/cmhansrd/vo020212/text/20212w16.htm House of Commons Hansard Written Answers for 12 February 2002 (pt 16)<!-- Bot generated title -->]</ref>
* '''2003''' The [[Strategic Rail Authority]] took control of the [[South Eastern franchise]] after the failure of the private operator [[Connex South Eastern]]. The franchise was re-privatised in 2006 as part of the Integrated Kent franchise.
* '''2003''' The [[Strategic Rail Authority]] took control of the [[South Eastern franchise]] after the failure of the private operator [[Connex South Eastern]]. The franchise was re-privatised in 2006 as part of the Integrated Kent franchise.
* '''2008''' [[Northern Rock]] - [[Nationalisation of Northern Rock|Nationalization]] announced by [[Alistair Darling]], [[Chancellor of the Exchequer]] on 17 February 2008 as 'a temporary measure'. The bank will be run at 'arm's length' as a commercial business and sold to a private buyer in the future. Northern Rock was sold to [[Virgin Money UK|Virgin Money]]]] in 2011.<ref name="Ref_2008">{{cite news | url=http://news.bbc.co.uk/1/hi/business/7249575.stm | work=BBC News | title=Northern Rock to be nationalised | date=February 17, 2008 | access-date=May 20, 2010}}</ref>
* '''2008''' [[Northern Rock]] - [[Nationalisation of Northern Rock|Nationalization]] announced by [[Alistair Darling]], [[Chancellor of the Exchequer]] on 17 February 2008 as 'a temporary measure'. The bank will be run at 'arm's length' as a commercial business and sold to a private buyer in the future. Northern Rock was sold to [[Virgin Money UK|Virgin Money]] in 2011.<ref name="Ref_2008">{{cite news | url=http://news.bbc.co.uk/1/hi/business/7249575.stm | work=BBC News | title=Northern Rock to be nationalised | date=February 17, 2008 | access-date=May 20, 2010}}</ref>
* '''2008''' [[Bradford & Bingley]] (mortgage book only) - announced by [[Alistair Darling]], [[Chancellor of the Exchequer]] on 29 September 2008. The loans part of the company was nationalised, while the commercial bank was sold.<ref name="Ref_2008a">{{cite news | url=https://www.reuters.com/article/economicNews/idUSBINGLEY20080929 | title=HIGHLIGHTS-Britain nationalises Bradford & Bingley | date=September 29, 2008 | work=Reuters}}</ref>
* '''2008''' [[Bradford & Bingley]] (mortgage book only) - announced by [[Alistair Darling]], [[Chancellor of the Exchequer]] on 29 September 2008. The loans part of the company was nationalised, while the commercial bank was sold.<ref name="Ref_2008a">{{cite news | url=https://www.reuters.com/article/economicNews/idUSBINGLEY20080929 | title=HIGHLIGHTS-Britain nationalises Bradford & Bingley | date=September 29, 2008 | work=Reuters}}</ref>
* '''2008''' In October, the [[Royal Bank of Scotland]], and the newly merged [[HBOS]]-[[Lloyds Bank|Lloyds TSB]] was partly nationalised. The Government took approximately 60% of RBS (later increased to 70%, then 80%) and 40% of HBOS-Lloyds TSB as part of the [[2008 United Kingdom bank rescue package|£500bn bank rescue package]]. The Lloyds Bank and TSB businesses were operationally demerged in 2013 in preparation for a full demerger and reprivatisation. RBS agreed a branch sale to the [[Santander Group]] in November 2011, which Santander withdrew from later. In November 2012 the [[Public Accounts Committee (United Kingdom)|Public Accounts Committee]] warned that it could be many years before the banks are sold and the £66 billion so far invested in these banks may never be recovered.<ref>{{cite news| url=https://www.bbc.co.uk/news/business-20349579 | work=BBC News | title=MPs: Sale of RBS or Lloyds 'not for years' | date=November 16, 2012}}</ref> In May 2025 the government finally completed disposal of shares in banks acquired during the Financial Crisis with the sale of remaining shares in [[NatWest Group]] (formerly called [[RBS Group]]).<ref>{{cite news| url=https://www.gov.uk/government/news/government-completes-exit-from-natwest--2 | work=Gov UK | title=Government completes exit from NatWest | date= May 30, 2025}}</ref>
* '''2008''' In October, the [[Royal Bank of Scotland]], and the newly merged [[HBOS]]-[[Lloyds Bank|Lloyds TSB]] was partly nationalised. The Government took approximately 60% of RBS (later increased to 70%, then 80%) and 40% of HBOS-Lloyds TSB as part of the [[2008 United Kingdom bank rescue package|£500bn bank rescue package]]. The Lloyds Bank and TSB businesses were operationally demerged in 2013 in preparation for a full demerger and reprivatisation. RBS agreed a branch sale to the [[Santander Group]] in November 2011, which Santander withdrew from later. In November 2012 the [[Public Accounts Committee (United Kingdom)|Public Accounts Committee]] warned that it could be many years before the banks are sold and the £66 billion so far invested in these banks may never be recovered.<ref>{{cite news| url=https://www.bbc.co.uk/news/business-20349579 | work=BBC News | title=MPs: Sale of RBS or Lloyds 'not for years' | date=November 16, 2012}}</ref> In May 2025 the government finally completed disposal of shares in banks acquired during the Financial Crisis with the sale of remaining shares in [[NatWest Group]] (formerly called [[RBS Group]]).<ref>{{cite news| url=https://www.gov.uk/government/news/government-completes-exit-from-natwest--2 | work=Gov UK | title=Government completes exit from NatWest | date= May 30, 2025}}</ref>
Open Full Post