BP, Black Monday and Nigel Lawson's Big Bet

In the second of our series on Privatisation and Popular Capitalism, we look at the biggest and riskiest privatisation of all - the 1987 sale of the UK's 31% stake in BP. How the Chancellor Nigel Lawson gambled that the markets were good for a quick £7bn. Prepare for the world's shortest pricing meeting, diplomatic rows with Kuwaitis and lots of long faced underwriters. And our guest Philip Augar delivers the verdict: was it a disaster narrowly averted or a triumph for the new City of London?

Presented by Jonathan Ford and Neil Collins.

With Philip Augar.

Produced and edited by Nick Hilton for Podot.

In association with Briefcase.News

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