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Suggests that there are a number of reasons why the private sector wishes to remain opaque in the face of the Y2K millennium bug. Discusses how regulatory authorities are normally not able to act until the last minute, which could have deleterious effects on the UK National Health Service. Employs a Figure showing worldwide status by industry. Records that of the UK's 500 largest quoted companies, only 6 percent have completed preparatory work (29 percent more able to function), with 45 percent in the remediation and testing phase and 20 percent having done barely anything.

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