CMA to conduct wide ranging review of the state of competition

CMA to conduct wide ranging review of the state of competition

The Competition and Markets Authority is set to conduct a regular review of the nature of competition in the UK.

The Secretary of State for Business, Energy and Industrial Strategy (BEIS) has said that there is currently no agreed way to measure and monitor the state of competition across the economy and has called for an expert analysis.

The objectives of this study are to provide:

·         Government with a robust assessment of how well competition is working across the economy to inform the design of effective and targeted economic policy to promote competition.

·         The CMA with useful evidence to steer its work.

·         An authoritative, accessible and transparent source of public information on how competition is evolving across the UK.

The CMA will produce its first report in summer 2020.

https://www.gov.uk/government/publications/state-of-uk-competition-report-commission-to-the-cma?utm_source=f023e227-9e92-4651-a8e2-9086c361695f&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate