📖 The Scoop
The Competition Commission was asked to investigate the implications of the proposed acquisition of Abbey National by Lloyds TSB. It concludes that it would have an adverse affect on consumer choice and competition both in the market for SME business and personal current accounts. This would be expected to lead to higher prices and reduced innovation. Despite looking at other measures to remedy the adverse effects, the Commission decided that the only course of action is to prohibit the acquisition.
Genre: Business & Economics / Management (fancy, right?)
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