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System of state regulation and control over pricing in Great Britain: legislative and institutional aspect

Tsvirko Svetlana Eduardovna

PhD in Economics

Docent, the department of Global Economics and Finances, Financial University under the Government of the Russian Federation

125993, Russia, g. Moscow, Leningradskii prospekt, 49

s_ts@mail.ru

Abstract.

This article is dedicated to the specificities of state regulation and control of pricing in Great Britain. The object of this research is the approaches towards adjustment of the system of state regulation and control over pricing in Great Britain, considering their impact upon the country’s economy. Examination of the systems of state regulation and control over pricing in foreign countries, particularly in Great Britain, is essential for determining the positive experience for its potential implementation in Russia. The author analyzes the legislation in Great Britain in the area of pricing; reveals the method of direct and indirect regulation of prices; describes the system of regulatory and control authorities over pricing in Great Britain. It is demonstrated that the customs regulation and taxation play a significant role in the developed countries with regards to pricing. The example of Great Britain argues that liberalization in many spheres, absence of overregulation of markets of goods and services, promotion of competition for preventing the monopoly high or monopoly low prices, is stimulating for the economy.

Keywords: excises, VAT, customs regulation, monopoly, indirect regulation, regulation, pricing, tariffs, utility payments, goods

DOI:

10.25136/2409-8647.2018.2.26594

Article was received:

13-06-2018


Review date:

15-06-2018


Publish date:

16-06-2018


This article written in Russian. You can find full text of article in Russian here .

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