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  • 1
    Language: English
    Pages: 53 p. , 21 x 29.7cm
    Series Statement: OECD Economics Department Working Papers no.433
    Keywords: Economics ; United Kingdom
    Abstract: This paper assesses what role product market competition and regulatory reforms may have played in the performance of the British economy over the past decade. Competitive pressures appear to be relatively strong in the United Kingdom, with regulations inhibiting competition and barriers to trade amongst the lowest in the OECD. Nevertheless, there is scope for improvement and the recent overhaul of competition legislation should help to further promote competition. Much progress has been made in the professional services sector. Self-regulatory bodies are no longer exempt from competition legislation and professional bodies have undertaken a number of actions towards removing or easing restrictions that inhibit competition. In the retail sector, market power remains a problem and the competition authorities will need to remain vigilant. The government’s recent approach to planning has made new large scale entry very difficult, impeding competition and inhibiting entry. Industry regulators also need to remain vigilant in the electricity, gas and telecommunications sectors. Reforms in these sectors have led to increased productivity, though international comparisons suggest that there is scope for prices to fall. While recent steps by the government overcome the most serious weaknesses of the privatised rail system, continuing problems regarding incentives and responsibilities remain to be resolved.
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  • 2
    Online Resource
    Online Resource
    Paris : OECD Publishing
    In:  OECD journal: competition law and policy Vol. 5, no. 3, p. 57-140
    ISSN: 1609-7521
    Language: English
    Pages: 87 p
    Parallel Title: Parallelausg. Examen du droit et de la politique de la concurrence au Royaume-Uni
    Titel der Quelle: OECD journal: competition law and policy
    Publ. der Quelle: Paris : OECD Publ., 1999
    Angaben zur Quelle: Vol. 5, no. 3, p. 57-140
    Keywords: Governance ; United Kingdom
    Abstract: The unusually complex competition policy institutions of the UK include a Commission that is concerned about the “public interest” in monopolies and market practices, the Director General of Fair Trading who enforces a competition law that is now modelled on European law, and many regulators who are also responsible for enforcing the same competition law in their sectors. Stronger powers under the Competition Act 1998 make enforcement more credible now, but still more changes are likely, notably concerning mergers and monopolies...
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  • 3
    Online Resource
    Online Resource
    Paris : OECD Publishing
    In:  Revue de l'OCDE sur le droit et la politique de la concurrence Vol. 5, no. 3, p. 67-172
    ISSN: 1684-3452
    Language: French
    Pages: 108 p
    Parallel Title: Parallelausg. Review of Competition Law and Policy in the United Kingdom
    Titel der Quelle: Revue de l'OCDE sur le droit et la politique de la concurrence
    Publ. der Quelle: Paris : OCDE, 1999
    Angaben zur Quelle: Vol. 5, no. 3, p. 67-172
    Keywords: Governance ; United Kingdom
    Abstract: Les institutions de politique de concurrence du Royaume-Uni sont inhabituellement complexes. Elles comportent une commission qui se préoccupe « d’intérêt public » dans les monopoles et pratiques de marché, le directeur général du commerce équitable (Fair Trading) qui applique la législation de la concurrence désormais modelée sur la législation européenne, et de nombreux régulateurs qui sont également responsables de la mise en œuvre de la même législation dans leur secteur respectif. Des pouvoirs plus forts, au titre de la loi de 1998, rendent plus crédible maintenant l’application de la loi mais davantage de changements sont encore probables, notamment s’agissant des fusions et des monopoles...
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