Cleary’s Nicholas Levy (pictured below) and Paul Gilbert sound a warning as the Government embarks on a bid to overhaul the UK’s competition regime
The Government tells us that the UK has a “world-class” competition regime. It is hard to know exactly what this means, but the underlying sentiment is clear: the UK regime is one of the best in the world at protecting and encouraging competition. Now we are told that it needs to get better still. We need a “competition regime for growth”. Again, it is difficult to argue with the sentiment. Greater competition should encourage economic growth by reducing prices, improving efficiency and spurring innovation.
