Recent Trends in Enrolments for UK Economics Degrees
The l998 Competition Act introduced important changes to UK competition policy after years of concern that UK competition law was in need of reform. The new Act harmonises UK law with European Union legislation on restrictive practices and abuse of a dominant position. At the same time, UK competition policy retains certain features that continue to make it distinct from EU law and practice, especially in relation to the treatment of oligopoly and the regulation of mergers. This paper details the changes to competition policy introduced by the 1998 Competition Act and reviews in particular the government?s new powers of investigation and the penalties that can now be levied for anti-competitive behaviour. The paper also discusses the role and structure of the new Competition Commission. Where relevant comparisons are made with European Union policy.
Volume (Year): 5 (2000)
Issue (Month): 1 (March)
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