Chiltern and S Eastern lines put up for sale

1	Explain each of these terms:
	a) privatisation
	b) franchise
	c) public section pay
	d) management buy out
	e) pre-tax profits 
	f) operating profits
	g) white collar workers
	h) small investors.

2	a) What are the government's main reasons for privatising businesses?
	b) Which of these reasons apply to British Rail?

3	One reason for privatisation was to provide better services. 
	a) What aspects of the railway service should improve as a result 
	of privatisation?
	b) Do you think any aspects will deteriorate? Justify your answer. 

4	Another reason for privatisation was to keep costs down. Which 
	article suggests that costs to the consumer might rise after privatisation?

5	Study the financial pages of a daily paper. Which UK companies have 
	been privatised in recent years?

6	a) Choose any two of the companies you listed for question 5.  Have 
	they proved to be good investments for those who bought shares? 
	Explain how you decided.
	b) For your two chosen companies, how could you find out whether 
	the social benefits outweighed the social costs of privatisation?