Major developments have recently taken place in competition and antitrust policy in both the UK and EU. Following an informative overview, this timely volume presents authoritative accounts of recent changes and clear analyses of current policy. As well as discussing new developments in policy towards monopolies, mergers, cartels and state aids, it features chapters on the treatment of vertical restraints and regulated industries. The text also includes a discussion of the relationship between competition policy and intellectual property rights, and concludes with a forward-looking assessment. Offering a concise account of competition policy developments, this monograph will be of great interest to academics in business and economics, as well as lawyers in both jurisdictions.