Nationalisation is a controversial concept. Even the exact definition of the term can be a complicated business.
The most-quoted example of the last nationalisation in the UK is the creation of British Aerospace - a single entity to tackle the major private American aerospace firms; and British Shipbuilders - a merger of a number of UK yards - in 1977.
But there are some who would point to other events since 1977 that have come close to being nationalisations.
The Oxford English Dictionary defines nationalise as "to bring (land, property, an industry, etc) under state control or ownership".
Under a loose interpretation of this, some might argue that the last thing to be nationalised in the UK was Railtrack.
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