British airways, we got a competitive outcome. in water it is inescapably a monopoly. we regulated it relatively well in the early years, we have not been doing very well at it since. so, if this is right, if, what we need is more than political pressure on firms and regulators and competition authorities. it s about a whole new way of regulating 215t century capitalism to ensure market5 work in the interests of consumers and households. let 5 5peak now to a woman who s previously worked for three regulators, ofgem, the financial conduct authority and the competition and markets authority, mary stark5, and to economist and author france5 coppola who has written critically about the power of large corporations. mary stark5, let me start with you. the former chair, a man who believes in the free market, lord tyra, 5ay5
Today the wreck and the minimum tax rate would raise £150 billion a year. that is quite a lot of money. yes, it is but i to say it still has had some criticism from campaigners. they regard the figure of 50% which is being suggested as the minimum rate of corporate tax. i would add that the agreement 5ay5 rate of corporate tax. i would add that the agreement says at least 50%. this is not all definitively nailed down so that does suggest there might be some room in negotiation but i will be a little surprised if we go beyond that. but certainly campaigners reckon that the figures should be higher and that if it were higher, it could generate a lot of additional money especially for developing countries who those campaigners say are getting a bit of a raw deal through this. some of describe this is a money grab by the g7 leading developers. in money grab by the g7 leading developers money grab by the g7 leading develoers , ,, ii g: . developers. in place by 2023 which eole developer