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U.K. debates a new economic model for running utilities

The new prime minister, Andy Burnham, criticized 1980s privatization led by Margaret Thatcher and argued for a different approach to utility ownership and operation.

Reported · Written up by our desk · Europe

The New York Times reports that U.K. politics is intensifying around what kind of economic model should replace or reform the privatization era associated with Margaret Thatcher in the 1980s.

According to the outlet, Prime Minister Andy Burnham pointed to the privatization approach as a key target of criticism and said he wants an alternative model.

Burnham’s focus, the report adds, is especially on how the country should run utilities, reflecting a debate that goes beyond general ideology into core questions of ownership and management.

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