Competition and Markets Authority Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Moynihan
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Competition and Markets Authority
Lord Moynihan Excerpts(4 years, 5 months ago)
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Lord Callanan
I will correct the noble Baroness: we will not leave EU markets at the end of the transition period. We seek in the negotiations to ensure continued access to those markets and for EU companies to have access to UK markets. That is the whole point of the negotiation. We keep all these matters under constant review. We will build on the powers of the CMA if that is required for what consumers need.
Lord Moynihan (Con) [V]
My Lords, does my noble friend accept that if the Government are to continue to prioritise consumer protection, they urgently need to address the necessity of strengthening the CMA and legislation to protect consumers, as stated across the Chamber today?
Lord Callanan
At the risk of repeating myself, of course we keep these matters under constant review. We will see the outcome of the Digital Markets Taskforce that the CMA is currently involved in and, if necessary, we will take further action.