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Privatisation (Professional Advice)

Volume 19: debated on Monday 1 March 1982

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asked the Prime Minister whether, following the extent of over-subscription for shares in Amersham International, she is satisfied with the standard of professional advice available to the Government in respect of the disposal of publicly owned assets; and whether she will ensure that assessments made by merchant banks in such circumstances take greater account of market forces.

A wide range of professional advice is available to Governments. Each individual case involves difficult judgments about market factors.