Competition and Markets Authority Chairman
Debate between Baroness Gustafsson and Baroness Wheatcroft(3 days, 18 hours ago)
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Baroness Gustafsson (Lab)
I agree that the role of the CMA is to make sure that it is providing fair, open and transparent competition within all industries. While I will not comment on the specifics of any individual case, I think the CMA in that example is doing its best to represent that competition. The Government will continue to stand by that; supporting the CMA’s operational independence, so that it can carry on doing that role as effectively as it can, is something that this Government prioritise.
Baroness Wheatcroft (CB)
How does the Minister expect the CMA to balance the desperate search for short-term growth with the long-term needs of consumers? Is there not a risk of a repeat of what light-touch regulation in financial services produced, leading to the 2008 financial crash?