BP, Black Monday and Nigel Lawson's Big Bet
Update: 2024-02-23
Description
In the second of our series on Privatisation and Popular Capitalism, we look at the biggest and riskiest privatisation of all - the 1987 sale of the UK's 31% stake in BP. How the Chancellor Nigel Lawson gambled that the markets were good for a quick £7bn. Prepare for the world's shortest pricing meeting, diplomatic rows with Kuwaitis and lots of long faced underwriters. And our guest Philip Augar delivers the verdict: was it a disaster narrowly averted or a triumph for the new City of London?
Presented by Jonathan Ford and Neil Collins.
With Philip Augar.
Produced and edited by Nick Hilton for Podot.
In association with Briefcase.News
Hosted on Acast. See acast.com/privacy for more information.
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