We need more scrutiny for business subsidies

While the UK was an EU member, it followed strict rules regarding the amount of subsidies businesses could receive from public authorities. Today, the rules are much looser. But despite such subsidies reaching a total of £72 billion a year, only 22 of those business subsidies meet the threshold for mandatory scrutinization by the Competition and Markets Authority. Stephanie Rickard argues that mandatory scrutiny for all subsidies over £10 million should remain, helping public authorities make better decisions about which businesses to support.