Industrial Reorganisation Corporation

The Industrial Reorganisation Corporation was an entity established by the Government of the United Kingdom to reorganise British industry.

History

The corporation was established by the First Wilson ministry in 1966[1] with the objective of encouraging mergers to make British industries to make them more competitive.[2] Its activities included facilitating the merger of GEC and AEI in 1966 and of the merger of that enlarged entity with English Electric in 1968.[3] It also facilitated the merger of British Motor Corporation with Leyland Motors in 1968[3] and the merger of RHP, a ball bearing manufacturer, with Ransome & Marles in 1969.[4] It was wound up by the Heath ministry in 1970.[5] The Chairman throughout most of its life was Sir Frank Kearton.[6]

References

  1. ↑ "The Industrial Reorganisation Corporation". Hansard. 25 January 1966. Retrieved 4 April 2017.
  2. ↑ "The industrial reorganisation corporation—A positive approach to the structure of industry". Long Range Planning. September 1971. Retrieved 4 April 2017.
  3. 1 2 The Times, 22 June 1983
  4. ↑ "Sluggish bearing sales and Japanese imports hit Ransome: 1,475 jobs go". The Times. 20 May 1972. p. 17.
  5. ↑ "Industrial Reorganisation Corporation". Hansard. 30 October 1970. Retrieved 4 April 2017.
  6. ↑ Broadway, Frank Edward (1970). "State Intervention in British Industry, 1964-68". Fairleigh Dickinson University Press. p. 62.
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