Glaring contradiction at heart of government growth agenda
In the Enterprise and Regulatory Reform Act of 2013 (stay with me) the Competition Commission and the Office of Fair Trading were abolished, and in their place emerged the Competition and Markets Authority. The 2013 Act enshrined the regulator’s remit and responsibilities, with a hefty focus on protecting consumers. On the CMA’s website, they summarise their roles as helping “people, businesses and the UK economy by promoting competitive markets and tackling unfair behaviour.”
Now, as part of the government’s rather haphazard push to get the economy growing, ministers want the CMA to focus more on........© City A.M.
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