11.   This example shows that intelligent industrial policy and competition policy must work hand in hand.

12.   Yet the government as promoter at times conflicted with the government as regulator, particularly in the area of competition policy.

13.   This chapter surveys the status and workings of UK competition policy and explores the implications arising from the creation of the SEM.

14.   It is currently fashionable to talk of competition policy where one formerly talked of monopoly or anti-monopoly policy.

15.   This creates a difficulty in the operation of competition policy, no less in Europe than in the UK.

16.   Therefore, even after the completion of the SEM, the provisions of UK competition policy remain unaffected, inasmuch as they concern internal UK trade.

17.   Thus, EC and UK competition policy are moving closer together.

18.   It was then argued that this provides the basis for preventive or corrective intervention in the form of competition policy.

19.   Consequently just as in competition policy, EC policy on state aids has been drafted in a way designed to take account of this dichotomy.

20.   Sir Leon Brittan, then commissioner in charge of competition policy, says there is insufficient evidence to suggest that differences are the result of anti-competitive behaviour.