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Manchester authority's loans had independent scrutiny, it tells UK court

By Jon Menon ( May 29, 2025, 16:41 GMT | Insight) -- A UK local authority accused of subsidizing a real estate developer defended itself in the country's specialized competition court today, arguing that loans it made were independently scrutinized and weren't an unlawful subsidy. The challenge against Greater Manchester Combined Authority is the second to come to court testing the Subsidy Control Act 2022, which allows public authorities to grant subsidies where they meet certain conditions and minimize distortions to competition.A UK local authority accused of subsidizing a real estate developer defended itself in the country's specialized competition court today, arguing that loans it made were independently scrutinized and weren't an unlawful subsidy....

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