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Clampdown on mergers could make Britain less competitive

Feb 15, 2020 - The Daily Telegraph (London)

How intensely should competition authorities police markets? Until recently, the clear consensus among policymakers in the US and UK was that most markets work well and that authorities should only intervene where there is clear evidence of consumer harm. That's no longer the case. Today, there is a growing feeling that unfettered markets lead to slower growth and greater inequality.

At first glance, the data appear to support the revised view of markets and the role of competition policy....