UK CMA publishes response to Government’s proposed reforms to competition and consumer policy
12th October 2021
On 4 October 2021, the Competition and Markets Authority (“CMA”) published its response to the UK Government’s consultation on proposed reforms to competition and consumer policy. The Government consultation takes forward many (but not all) reform proposals made by Lord Tyrie (then Chairman of the CMA) in a letter to the Secretary of State for Business, Energy and Industrial Strategy in 2019. The CMA has described the consultation as “perhaps the most important review of competition and consumer policy in a decade”.
The CMA’s response to the consultation shows that, broadly speaking, the CMA welcomes the proposed reforms, which include: bolstering the CMA’s powers; changes to the merger control notification/investigation process; enhancement of consumer rights; and ensuring that breaches of competition and consumer law are robustly enforced.
Read here for a summary of the CMA’s response to the key proposals