It looks increasingly likely that the UK will soon introduce a competition regime unmatched in ferocity this side of the Atlantic.

Any individual who enters into price-fixing, market-sharing, bid-rigging and other ‘hardcore’ cartel agreements risks having their post intercepted and being bugged; secretly filmed; followed; raided by the Office of Fair Trading (OFT), police and Serious Fraud Office; questioned without the option to remain silent; arrested; fined; imprisoned; and finally disqualified from holding office as director.