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The Reform of Uk Competition Policy

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  • Donald Hay
  • John Vickers

Abstract

The most important government review of UK competition since Mrs Thatcher came into office has recently taken place. The review, which was announced in June 1986, was concerned with two aspects of policy—mergers and restrictive trade practices (RTP). Its conclusions were published in March 1988 in a Department of Trade and Industry (DTI) document, ‘Mergers policy’, and in a major Green Paper entitled ‘Review of restrictive trade practices policy’ (Cm 331, 1988). The proposals on RTP involve a fundamental change in policy. The new law will consider restrictive practices in terms of their economic effects upon competition and not, as at present, with the emphasis on their legal form. This reform will require new methods of operation and will be backed up by tougher powers and penalties than have hitherto been available in Britain.
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Suggested Citation

  • Donald Hay & John Vickers, 1988. "The Reform of Uk Competition Policy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 125(1), pages 56-68, August.
    • Handle: RePEc:sae:niesru:v:125:y:1988:i:1:p:56-68
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    Cited by:

    1. Michael Utton, 2000. "Fifty Years of U.K. Competition Policy," Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 16(3), pages 267-285, May.
    2. Michael Krakowski, 1989. "The requirements for EC merger control," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 24(3), pages 120-126, May.

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