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Manchester authority distorted market with real estate loans, UK court hears

By Jon Menon ( May 27, 2025, 15:43 GMT | Insight) -- Greater Manchester Combined Authority subsidized a real estate developer without going through the proper process to determine the pricing of loans, a rival told a UK specialized competition court. The challenge of the loans is the second to come to the Competition Appeal Tribunal to test the Subsidy Control Act 2022.Greater Manchester Combined Authority subsidized a real estate developer without going through the proper process to determine the pricing of loans, serving to “distort” the local market, a rival told a specialized competition court....

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