Includes bibliographical references (pages 161-168) and index.
SUMMARY OR ABSTRACT
Text of Note
"The privatization of the utilities - telephone, gas, electricity and water - by the Conservative governments of the 1980s and 1990s represented a decisive move away from the postwar consensus. The appointment of individual, high-profile regulators to oversee the newly privatized companies meant that it was also an experiment in reinventing government. This study explores the often controversial development of regulation from a political viewpoint, covering the RPI-X price formula and regulators' relations with the Monopolies and Mergers Commission on takeovers and mergers. It provides a detailed examination of how consumer concerns came to the top of the agenda, especially after Labour came to power in 1997, including episodes such as the Yorkshire Water crisis of 1995 and the furore over directors' salaries. It explains the problems of integrating environmental policy. Accountability is still unsatisfactory, in spite of the efforts of parliamentary select committees, so the question remains, 'Who regulates the regulators?'."--Jacket.