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Aifa: Don&#39t undermine independence

We are entering a crucial phase in the battle to retain polarisation. The FSA will shortly reveal its recommendations to the Treasury. I would guess that Treasury ministers are hoping to accept the FSA advice and get the subject out of their in-tray as quickly as possible.

The Government generally wants to keep ministers away from deciding competition cases so the FSA advice is particularly important.

What should it say?

A tablet of stone, marked “Very Confidential” fell off the back of a consignment of consultation papers outside the Aifa office.

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