ADVANTAGES OF PRIVATISATION |
DISADVANTAGES OF PRIVATISATION |
It created competition. This should help reduce prices |
BT still makes huge profits. These go to ‘fat cat’ directors and shareholders |
Firms have aimed to increase quality e.g. extra features on phones |
BT still has a monopoly in the market. It is difficult for other firms to get established |
The government doesn’t have to pay for BT therefore taxes should be lower |
A lot of people lost their jobs after privatisation as BT needed to become more efficient |