Inflation latest

CPI inflation down to 3.0% - but the RPI hits a 6 year high, at 4.1%. 

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Competition and markets authority (CMA)

The CMA was launched in April 2014 to rationalise competition policy in the UK. The CMA is now the UK's key competition regulator, combining the competition elements of the OFT and Competition commission.

The role of the CMA is to:

  1. Investigate mergers which could restrict competition
  2. Undertake market studies and investigations where there may be competition and consumer problems
  3. Investigate where there may be breaches of UK or EU law against anti-competitive agreements and abuses of dominant positions
  4. Bring criminal proceedings against individuals who commit a cartel offence
  5. Enforce consumer protection legislation to tackle practices and market conditions that make it difficult for consumers to exercise choice
  6. Co-operate with sector regulators (such as Ofcom) and encouraging them to use their competition powers considering regulatory references and appeals

Preventing abuse of dominance

Preventing market sharing

Preventing price fixing

Videos courtesy of the CMA

Example of CMA investigation into retail banking.

Story: "Pork Pies merger may give rise to competition concerns".


See also:

EU Competition Policy

Contestable market theory

Banking regulation

Financial crisis

Transfer pricing

Brexit latest

When will trade talks begin?

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Energy supply

Price cap to be applied to standard variable rate tariffs.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Brexit update

Article 50

What trading options are available to the UK?

Savings ratio

Savings ratio falls to lowest level on record.

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Tax avoidance

Double Irish - and a Dutch Sandwich more..

The OECD presents its final package for reform of international tax rules..more

OECD - reducing income inequality will boost growth..more