2026 FIFA World Cup: Replica Kit Pricing
Debate between Baroness Twycross and Lord Sharpe of Epsom(3 weeks, 6 days ago)
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Baroness Twycross (Lab)
It is also a road that is full of mythology and misunderstandings about where the Government are going. The Exchequer Secretary was emphatically clear this morning that capping supermarket prices is not something that the Government are considering, although clearly the price of food is of deep concern to many people, given the rising cost of living, and is something that the Government share their concerns on.
Lord Sharpe of Epsom (Con)
As a West Ham fan, I have absolutely nothing to say about football. Following on from my noble friend’s question, does the Minister agree that, rather than inviting the Competition and Markets Authority into ever more marginal consumer pricing questions, the Government’s priority should be serious reform of the competition regime itself? In particular, will the forthcoming competition reform legislation ensure that the CMA supports innovation, investment and growth and does not become a brake on British business?
Baroness Twycross (Lab)
The CMA does not come under DCMS, as people will understand, but we are keen to make sure that it has the teeth to take action. I have a line somewhere in my brief about the additional powers that we are giving it, and I know that those are intended specifically to give it the teeth to act decisively and provide the challenge as part of the regulatory regime that it operates.