Sunday October 29, 2006
The ObserverThe ownership of UK
plc has changed dramatically in the past four decades. In 1963, individuals owned more than 50 per cent of the market and overseas investors held
just 7 per cent. By 2004,
just over 14 per cent was owned directly by small shareholders, despite the privatisation programme of the
Thatcher years and the
demutualisation of building societies and insurers. Foreign holdings soared to nearly a third of the whole market, but the biggest
chunk is controlled by
City money managers.
1/ Why is there
the in front of
observer?
2/ Do
just here mean
exactly? (just 7 per cent = exactly 7 percent, just over 14 percent = exactly over 14 per cent ?)
3/ Do
individuals here mean
some individuals?
4/ What are the meaning of
Thatcher years ,
demutualisation,
chunk and
city money managers?
5/ Do
plc here mean companies in the UK in general?
Quoc