THE Queen will award knighthoods to at least three pioneers of privatisation according to the New Years honours list, which was revealed today.

Tory MP John Redwood, who headed up Margaret Thatcher’s Downing Street policy unit and “developed privatisation,” is among 20 people scheduled to receive the title.

Mr Redwood claims his ideas were originally seen as “wacky” and that he had to convince Ms Thatcher to sell off Britain’s water, rail and telecom services.