Competition regulators play an important role in society. They have a responsibility to identify markets that are failing consumers and to come up with recommendations that aim to deliver greater competition, better choice, more innovation and lower prices.

James Hodge, chief economist of the Competition Commission, set out this role in his column, "Level the playing field for small retail entrants" (June 16).

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.