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Competition law, at both the EC and UK levels, plays an important and ever-increasing role in regulating the conduct of businesses to the extent that businesses now require graduates to be aware of the significance and effect of the provisions of EC and UK competition law. Competition Law and Policy in the EC and UK looks at how competition law affects business, including: co-ordinated actions; pricing behaviour; take-overs and mergers; and State subsidies. It provides a clear guide and outline of the general policies behind, and the main provisions of, Community and UK competition law. Information is presented within a structured framework, complete with a glossary of useful terminology. The third edition has been substantially revised to incorporate a number of recent important developments in EC and UK competition law. The most notable inclusions are the modernisation of EC enforcement through Regulation 1/2003, the reform of the EC Merger Regulation, the introduction of the Enterprise Act 2002, which repealed and replaced the merger and monopoly provisions of the Fair Trading Act 1973 and introduced a new cartel offence, and the development of policy and practice in relation to the Competition Act 1998.