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Why Ofcom’s humiliation over Sky is a dark day for all regulators

And there may be worse to come….

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Culture Secretary Karen Bradley says she is minded to refer Rupert Murdoch's £11.7 billion bid to take full control of Sky to a further inquiry due to concerns over media plurality, June, 2017. Press Association. All rights reserved.

Regulators can do damage to themselves. The Financial Conduct Authority’s (FCA) proposed welcome for the controversial Aramco partial flotation, Ofwat’s conflicted relationship with PricewaterhouseCoopers ( PwC), the Competition and Markets Authority’s (CMA) pursuit of economically insignificant breaches of competition law by small and medium enterprises (SMEs) could all be considered examples of regulatory self harm.