Revaluation of fixed assets involves adjusting the book value of an asset to reflect its current fair market value. This process ensures that the asset’s value on the balance sheet is not materially different from its recoverable amount. The revaluation can result in either an upward (gain) or downward (loss) adjustment and must be recorded in accordance with applicable accounting standards such as IAS 16 – Property, Plant and Equipment. 1.… Read more

Rethinking the Logic of Selling Public Assets Privatisation—the transfer of ownership and control of enterprises from the public to the private sector—has been a defining feature of global economic policy since the 1980s. Promoted for its promises of efficiency, innovation, and fiscal prudence, privatisation has reshaped economies from the UK to India, from Argentina to South Africa. Yet, while advocates have often touted its successes, an increasing body of economic literature, political analysis, and lived experience presents a robust critique.… Read more

Ownership and the State The debate between privatisation and nationalisation is central to the design of modern economies. Both concepts pertain to the ownership and control of key industries and services. While privatisation involves transferring ownership from the public sector to private hands, nationalisation denotes the state’s assumption of control over private enterprises. This article delves deep into the theoretical foundations, historical trajectories, and economic impacts of both approaches, using global and UK-specific examples to illustrate how shifts in ownership structure have influenced economic performance, public welfare, and market dynamics.… Read more

Rethinking Concentration Public discourse often associates monopolies and mergers with economic harm—higher prices, reduced innovation, and restricted competition. However, certain public policies have supported or tolerated monopolistic structures and large-scale mergers due to their perceived benefits. Contrary to popular belief, the state’s engagement with corporate concentration is not always adversarial. In fact, in some circumstances, governments promote or allow monopolies and mergers for reasons of national interest, efficiency, innovation, and economic stability.… Read more

The Power and Peril of Monopolies Monopolies, where a single firm dominates an entire market, have long been a central concern in economic policy. While monopolies can arise through innovation, economies of scale, or government protection, their unchecked power often leads to reduced competition, higher prices, lower innovation, and weakened consumer welfare. One proposed remedy is the structural breakup of monopolies—an aggressive antitrust measure aimed at restoring market competitiveness. This article examines the logic, implementation, consequences, and controversies surrounding the breakup of monopolies, drawing on theoretical frameworks, historical examples, and contemporary debates.… Read more

Understanding Mergers in a Competitive World Mergers represent a fundamental aspect of corporate restructuring and market evolution. They occur when two or more firms agree to unite into a single new entity or when one firm absorbs another. While often pursued for efficiency, synergy, or market power, mergers can significantly reshape industries, influence competition, and alter the balance of economic power. This article explores the types of mergers, strategic motivations, their economic implications, and illustrative real-world examples to provide a comprehensive understanding of this complex corporate phenomenon.… Read more

Guarding Competition in a Dynamic Economy The UK government’s policy on monopolies and mergers reflects a long-standing commitment to maintaining competitive markets, protecting consumers, and ensuring economic efficiency. While large firms and consolidations are not inherently anti-competitive, they attract scrutiny when they threaten to distort market dynamics. This article examines the theoretical and legal underpinnings of UK competition policy, the institutions responsible for enforcement—most notably the Competition and Markets Authority (CMA)—and recent trends in merger investigations and monopolistic practices.… Read more