ABSTRACT
INTRODUCTION In earlier chapters the performance of eleven privatised companies in the UK has been assessed using a range of measures. What is evident from the results is the degree to which the post-privatisation performance has varied. In a number of the cases studied, productivity and value-added rose around or since the time of privatisation and there is evidence of higher profitability and lower returns to labour. At the same time, however, there are firms where productivity and value-added growth have declined since privatisation. Nor does it seem to be the case that privatisation necessarily leads to higher profitability on the one hand and lower employment and wage levels on the other (see chapter 8).
