reprivatize
verb[T]
(re-privatize);(UKalsoreprivatise,re-privatise)uk/ˌriːˈpraɪ.və.taɪz/ustosellanindustry,company, orservicethat has been taken intogovernmentcontrol, so that itbecomesprivatelyownedandcontrolledagain:
The Britishgovernmentrecentlybackedaway from acommitmentto reprivatise thepostalsystem.
Manycountrieshavenationalizedtheirbankingsystemsover theyears, then reprivatized them.
- Therailauthoritytook overresponsibilityfor thefailingrailservicesandhopesto reprivatise thefranchisenextyear.
- The onlyanswerseemsto be anationalizationof thebankingsystem, where eachbankisrestructuredandquicklyre-privatized.
- They re-nationalized several oftheirmajorbanksandeventuallyre-privatized them again.
UK politics: government administration & organization
- awkward
- backbench
- Brexit
- collectivization
- hung parliament
- lord
- parliamentary
- partition
- PMQs
- policy-maker
- policy-making
- reshuffle
- soviet
- the awkward gangidiom
- the House of Commons
- the House of Lords
- the Houses of Parliament
- three-line whip
- upper house
- Westminster
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Selling