Operating a statutory body in a commercial environment

Government plays an important role in the lives of individuals and business organisations. There are many reasons why governments intervene in markets. For example, during the Second World War, many industries were taken over by the Government to co-ordinate production to meet the war effort. One organisation set up to provide key benefits not just to the people of London but also to the country as a whole was the Port of London Authority (PLA). It was created by an Act of Parliament in 1908…