Market Failure

Competition Won't Fix UK Banks

Margaret Heffernan | Posted 21.03.2014 | UK Politics
Margaret Heffernan

Chuka Umunna insists UK banks should be broken up, in order to make them - he says - more competitive. It is a surreal experience hearing a Labour spokesman arguing the virtues of competition while the coalition insists that concentrating UK banking into five banks is in no way problematic...

Are Unpaid Internships an Example of Market Failure?

Caroline Mortimer | Posted 11.12.2011 | UK Universities & Education
Caroline Mortimer

With the uproar over bankers' bonuses more criticism has been played on how much they earn. The justification for this is that they need to pay the best wages to attract the best people; why does this not apply to interns as well?