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Speeches 2003 -

Competition economics - Sir John Vickers, Chairman, OFT

04 December 2003

The Royal Economic Society annual public lecture

Download Competition economics (pdf 145 kb)

by John Vickers 
Chairman, Office of Fair Trading

In 1853 William Gladstone, then Chancellor of the Exchequer, introduced an important measure of competition policy. He initiated reform of civil service recruitment so that entry was open to competition on the merits of the candidates. Queen Victoria, unamused, asked: 'Where is the application of the principle of public competitions to stop?'. That is a fine question. It is just as pertinent today, as is illustrated by questions ranging from mobile phone spectrum and airport slots to public procurement and the provision of public services.

Back to: 2003

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