Do consumer choice and competition between suppliers improve the quality of outcomes for consumers? The answer might seem so obvious to many readers that it is hardly worth asking. But a powerful strand of political opinion is building up to an attack on the concept. Mary Creagh,
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IF ANYONE doubts Margaret Thatcher’s contribution to reversing decline, they should read Sir Douglas Wass’s remarkable book Decline to Fall. Sir Douglas, formerly permanent secretary to the Treasury, wrote extensively on the 1976 IMF crisis, when Britain was forced to beg for a £2.3bn bailout. It presents
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