Why and How did the UK Privatize State-Owned Industries during the 1980s?

How and why did the UK privatize state-owned enterprises during the 1980s? Brian W. Pomeroy answers this question in the excerpt below, originally published by Carnegie Council in 1991.

In the full piece, found here, Pomeroy goes into detail about the UK privatization experience as of 1991. He addresses what the UK intended to derive from its privatization program, if it worked, and the lessons for others who are interested in privatizing their industries.