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How did the competition commission tame the supermarket giants The Competition Commission is an independent public body established by the Competition Act 1998. The Competition Commission conducts in-depth inquiries into mergers, markets and the regulation of the major regulated industries, undertaken in response to a reference made to it by another authority. The Commission recently had the task of having the power to give one major supermarket chain the go ahead to merge with Safeway. The proposed acquisition of Safeway by Morrison's, Asda, Tesco or Sainsbury's was referred to the Competitive Commission under the Fair Trading Act by the Trade and Industry Secretary. The Commission can consider the opinions of all parties in determining whether any of the potential mergers is against the public interest. Topics for inclusion in the meeting could include both local and national issues, including the effect on consumers and suppliers of any proposed acquisition. The...

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