There is an artificial shortage of spectrum in the UK due to a lack of auctions by Ofcom and slow release of spectrum from the public sector. While aggregate supply may meet demand, availability is constrained where it is needed most. Ofcom can help meet demand by getting more spectrum to market through reducing barriers to trading, publishing information on licenses, and enabling band managers to facilitate secondary usage. This would move the market away from artificial scarcity and better satisfy Ofcom's duty to optimize spectrum use.