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5 - The Covid-19 Crisis

Published online by Cambridge University Press:  04 August 2022

Bruce Wardhaugh
Affiliation:
University of Durham
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Summary

The economic disruption resulting from the pandemic has resulted in suggestions from the business community that these rules should be relaxed. As examples, the grocery industry pressed for the competition rules to be relaxed so that major grocery chains could ensure that stores remained open and stocked in the face of staff shortages and supply chain/logistics disruptions. Relaxing the rules, the industry argued, would allow the public to be better served. The chairman of a retail chain criticised the decision to block that firm’s prosed take over of a rival as being ‘absurd’ given the retail conditions, suggesting that that merger rules be relaxed to allow the retail sector to survive. The grocery industry’s pleas were successful: the government relaxed the competition regime applicable to that industry. This chapter analyses the need for these proposals to relax the competition in the economic context surrounding Covid-19. In particular, it argues that even in the context of this disruption, relaxing the competition rules was the wrong response.

Type
Chapter
Information
Competition Law in Crisis
The Antitrust Response to Economic Shocks
, pp. 133 - 162
Publisher: Cambridge University Press
Print publication year: 2022

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  • The Covid-19 Crisis
  • Bruce Wardhaugh, University of Durham
  • Book: Competition Law in Crisis
  • Online publication: 04 August 2022
  • Chapter DOI: https://doi.org/10.1017/9781108987707.007
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  • The Covid-19 Crisis
  • Bruce Wardhaugh, University of Durham
  • Book: Competition Law in Crisis
  • Online publication: 04 August 2022
  • Chapter DOI: https://doi.org/10.1017/9781108987707.007
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • The Covid-19 Crisis
  • Bruce Wardhaugh, University of Durham
  • Book: Competition Law in Crisis
  • Online publication: 04 August 2022
  • Chapter DOI: https://doi.org/10.1017/9781108987707.007
Available formats
×