Neil Williams wrote:
No, I don't. To me, and I would think most people in the UK, a
nationalised organisation is one owned by the state. Simple as
that.
Its business model is irrelevant.


I don't think you can correctly describe organisations such as the
Royal Mail or the NHS that have always been in the public sector as
"nationalised".

The use of the term "nationalised" is very strongly suggestive of an
organisation formerly in the private sector that has been taken into
public ownership, or nationalised.