Mannkal Economic Education Foundation

Mannkal Student Internship Blog

Llewellyn Cross – London, UK | Week 7

Llew Cross

20 February 2017

Monday brought some beautiful weather with the sun out in London. Connor, Hannah and I were lucky to be on a journey out to Andover to visit Sarah Basden, a member of the Mannkal Advisory Council. We had lunch and were shown around the property. We were even lucky enough to have time to head down to Stonehenge.

The wind was howling and it was freezing cold as we walked the 30 minutes each way to Stonehenge because the ticket office had shut. Nice to see you can still access an historical site even if the bureaucrats finished their work day at 3:30!

Stonehenge

Me At Stonehenge

Tuesday came and the office was buzzing trying to prepare an economic bulletin for release. The bulletin argues for a limit to the amount of spectrum that one telecom could purchase in order to supply its 4G or 5G coverage.

With one telecom acquiring too much of the limited amount of spectrum, an uncompetitive market could emerge where one telecom is able to erect barriers to market entry. This is evidenced by the correlation between the average increase in mobile plan pricing and the 4G network being increasingly controlled by BT.

The spectrum can be hoarded, where a telecom buys large amounts of spectrum and hoards it to prevent competitors from offering services through the network they own. The CPS argues that there needs to be solutions such as spectrum sharing and spectrum caps in order to have a competitive market in the future.

The bulletin has been sent to journalists and we are looking forward to seeing what kind of coverage we get tomorrow. Ensuring the market is competitive is especially important with the upcoming auction of the 5G spectrum.

Daniel had organised for us to take a tour of the Houses of Parliament at midday. Unfortunately you aren’t allowed to take photos inside. We were lucky enough to visit both the House of Commons and the House of Lords, we visited Westminster Hall, and the Terrace overlooking the River Thames.

The history is amazing. The House of Commons has memorials for MP’s who were killed by IRA bombings. There was also a register of all the Commons and Lords who lost their lives in World War 1 and World War 2. There was a surprising amount of brothers who had given their lives. It made for very sombre reading but concurrently reminded me of the need to resist collectivism and totalitarian rule, while always striving for greater liberty.

There is amazing artwork throughout Westminster Palace and the Houses of Parliament, including a large mural entitled “The Meeting of Wellington and Blucher” and painted by Daniel Maclise in the Royal Gallery. It would be well worth your time to take a tour!

Victoria St at Sunset

With my time here in London drawing to a close, there is no option but to put the foot to the floor and get as much done as possible!

Looking forward to my final week here at the CPS.

Llew

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