Spring
Statement 2019: Competition and regulatory
The
Spring Statement, delivered on 13 March 2019 by the Chancellor of the
Exchequer, Philip Hammond, perhaps did not get the usual airtime in the wake of
other extraordinary parliamentary business.
From
a competition and regulatory perspective, there are some key takeaways. The Chancellor has welcomed the report of the
Digital Competition Expert Panel. The government is expected to respond later
this year on the call to update the competition laws to take account of the
digital age. The review also recommended
that subject to an orderly Brexit, the CMA will undertake a review of how
regulation affects competition in the UK business context. Quite what that
means is unclear but the CMA has confirmed this on Twitter. Finally, the National Infrastructure
Commission study on the future of economic regulation will report in Autumn
2019.
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/785618/WMS_final_Commons.pdf
No comments:
Post a Comment