Friday July 23, 2004
laugh - I nearly paid my licence fee
BBC news is going downhill. Don't they bother checking their facts any more?
- 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.
- The name change from "Abbey National" to "Abbey" occurred over 10 years after the demutualisation. Not as part of it, as the story implies.