May - Colonial Secretary Jimmy Thomas is forced to resign from politics after a scandal involving Stock Exchange dealings.

London Stock Exchange dealings in Foreign & Colonial PEP Investment Trust should have begun by the time this issue reaches readers.

The United Kingdom's largest privatization to date, the sale of the electricity supply industry in England and Wales, was completed on March 12 when stock exchange dealings began following flotation of the generating companies, National Power and PowerGen.

In the context of stock exchange dealings he suggests that clauses that purport to allow a broker without warning to act as principal rather than agent, are "quite inconsistent with the role of broker and ineffective except against a principal who has assented to the changed relationship on this particular occasion".