Dear Capital.

The article discusses key issues concerning the plans of the government to privatize British Telecom PLC in 1984. Key issues discussed include the challenges facing the government in selling off the telecommunication firm, the government's options in privatizing British Telecom, market pressures to privatize the firm, market analysts' views on the stocks of British Telecom and the effects of reductions in corporation tax made in the budget that would have encouraged companies to come to market to raise equity themselves.