Diary – 7 October 2005
A decade ago, as president of the Board of Trade, I was responsible for competition policy. I could refer or not refer. I could accept advice or reject it. In the background — but not far away — were Parliament and public scrutiny. How times change. The Office of Fair Trading is now its own creature. Ministers have washed their proverbial hands; quangocrats rule. So what is going on in this citadel of devolved power? For months we in the press and publishing world have been worried about a forthcoming OFT opinion about our traditional method of distribution, whereby wholesalers are granted a monopoly of defined areas, provided they distribute