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Journal of nicholas (3034)

Friday July 23, 2004
08:22 AM

laugh - I nearly paid my licence fee

[ #20018 ]

BBC news is going downhill. Don't they bother checking their facts any more?

  1. It demutualised, not privatised. Not just a picky point - it actually a move in the opposite direction from "privatisation' - a move from private (mutual) ownership to a publicly traded stock.
  2. The name change from "Abbey National" to "Abbey" occurred over 10 years after the demutualisation. Not as part of it, as the story implies.
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