govt intervention app Flashcards

1
Q

Government Intervention to Control Mergers

A

Asda–Sainsbury’s merger (2019) blocked: would’ve given them 31% of UK grocery market, reducing competition

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2
Q

Promoting Competition & Contestability

A

Start Up Loans Scheme from British Business Bank
Small firms exempt from some regulations → boosts contestability

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3
Q

how many millionaires left the UK last year

A

10,800

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4
Q

examples of failed antionalisation UK

A

🚆 1. Rail Nationalisation: Northern Rail (2020)
Context: In 2020, Northern Rail was taken into public ownership due to poor performance by private operators (Arriva Rail North).

Outcome: Despite nationalisation, service reliability didn’t improve significantly. Staff shortages, delays, and customer dissatisfaction persisted.

Evaluation Point: Shows that national ownership doesn’t always lead to greater efficiency or customer satisfaction. Operational issues may persist regardless of ownership structure.

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