This Office of Fair Trading guide sets out the rationale for Government intervention in markets and demonstrates that for these interventions to be effective in the long term, their impact on competition needs to be a central consideration. The guide then sets out some of the major ways that Government intervenes, both in setting market frameworks and through its wider impact on markets. It also identifies ways that policy makers can spot and minimise unintended consequences that impact on effective market dynamics beyond the short term. It includes case studies of the impacts in practice.
Click here to read the guide.