Concentration, not competition

The UK’s economic status quo is at a critical juncture. Faith in a largely “free market” settlement is increasingly in doubt, as household incomes are squeezed and many fail to see economic growth translating into an improvement in their day-to-day lives. Perceived corporate excesses, such as high profits and prices, have led to a growing belief that the system is rigged, with the benefits accruing in the hands of a small elite at the expense of the ordinary UK household.

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