The National Audit Office has recently pointed out that these benefits rely on three things: the existence of competitive markets, a sound incentive system and good transparent accountability. Its...

The National Audit Office has recently pointed out that these benefits rely on three things: the existence of competitive markets, a sound incentive system and good transparent accountability. Its assessment was as follows: Effective competition – there were a large number of mergers and takeovers in this industry in 2013.