Becoming Quote by Margaret Hodge
“Government must guard against quasi-monopoly suppliers becoming too important to fail, and encourage competition through, for example, splitting up contracts to encourage (smaller businesses) to bid for work.”
About This Quote
Source Parliamentary Debate: Competition Policy
Governments should prevent quasi‑monopolies by splitting contracts to enable smaller firms to compete.
In simple terms: Break up large contracts to foster competition.
Promote market diversity.
Themes
Mood
Type
When to use this quote
- public procurement
- industry regulation
- entrepreneurship
Key Concepts
Questions to Reflect On
- How can smaller firms win bids?
- What safeguards prevent collusion?
Complex contracts may still favor large firms.