Industrial Strategy

Debate between Chi Onwurah and George Kerevan

Thursday 20th October 2016 Commons Chamber

[Chi Onwurah (Newcastle upon Tyne Central) (Lab)]

I declare an interest in that I have worked for a competition regulator, Ofcom. The hon. Gentleman is suggesting that a lack of competition is always the fault of the Government, either by doing or not doing something. Does he not recognise that it is possible—indeed, it is what the literature shows—that companies acting in monopolistic ways or capturing markets are themselves responsible for a lack of competition?

[George Kerevan]

He’s read his Adam Smith.