|Previous Section||Back to Table of Contents||Lords Hansard Home Page|
Lord Haskel: I could point to Clause 18 which prohibits the use of a dominant market position, but not the holding of a dominant market position itself. There is nothing wrong in companies holding a dominant position. It is only natural for companies to try to increase their share of the market. That of course is what competition is all about.
Lord Borrie: Perhaps I may intervene, just to say that I think that the noble Lord is asking for an academic question to be answered by an office which, even if it is resourced adequately, will have plenty of things to do. The prohibition applies only where the two conditions are satisfied: there is a dominant position and there is abuse. To enable people to ask whether one has a dominant position is to ask an academic question.
Lord Haskel: I thank my noble friend Lord Borrie for that. The director general is required under the Bill to issue guidelines as to how he intends to apply the prohibitions. Companies will be able to look to EC jurisprudence for guidance as to the principles which will be applied in assessing dominance. Some might put that as the ability to throw their weight around without worrying too much about the consequences, but business people usually have a fairly shrewd idea of the nature of their own markets and indeed the extent of their own market power. In view of that explanation, I would ask the noble Lord to withdraw the amendment.
|Next Section||Back to Table of Contents||Lords Hansard Home Page|