** Update: see our latest edition of The Counterbalance, laying out the many ways in which the financial sector promotes monopolisation. We have just co-authored a detailed response to the Prudential Regulation Authority, a department of the Bank of England, in response to its recent Discussion Paper about its future approach to policy.
read moreWe recently signed a letter pushing back against UK government plans to introduce “competitiveness” as a statutory objective for financial regulators. The letter was co-signed by a number of eminent economists from around the world. And the issue has global ramifications, since the UK hosts arguably the world’s biggest international financial centre.
read moreWe have spent considerable time exploring and explaining the differences between healthy competition, which delivers benefits for all, as we have shown in our recent Telecoms report; and harmful competition, where companies compete on the basis of what economists called “externalities,”
read moreWelcome to the latest edition of The Counterbalance, the newsletter of the Balanced Economy Project. There’s been a bit of a gap since our last edition, due to European summer holidays and other issues, but we are back.
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