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Privatization in Britain. Privatization as the last step in the chain of policy implementation. Changing and reviving a business. Moving away from a "collectivist" culture. Success in political terms. Effective management of change. Changes in Britain witnessed after a six-year absence. Initiatives taken by government to give effect to their policy of privatization. The speaker's company as a good, current example of change and revitalization in a British state business which is still in its preparatory, pre-privatization stage. The next steps. Moving from collectivism to individualism. What the state can and can't do. What the state will and won't do under the present government. Impact of this and related policies. Britain's strong economic performance and growing prosperity. Also, growing British investment overseas and growth in inward investment in Britain. A revitalization in business and attitudes toward business in Britain.