Competition and Markets Authority Chairman Debate
Full Debate: Read Full DebateDepartment: Department for Business and Trade
Alex Barros-Curtis
Main Page: Alex Barros-Curtis (Labour - Cardiff West)Department Debates - View all Alex Barros-Curtis's debates with the Department for Business and Trade
Competition and Markets Authority Chairman
Alex Barros-Curtis Excerpts(1 week, 4 days ago)
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Justin Madders
That is a very interesting question. I am not sure that the CMA’s role is to monitor the number of millionaires leaving the country.
Mr Alex Barros-Curtis (Cardiff West) (Lab)
In 2023, after the CMA blocked a particular merger, the last Conservative Chancellor, the right hon. Member for Godalming and Ash (Jeremy Hunt), said that it must “understand their wider responsibilities”. He also said:
“I do think it’s important all our regulators understand their wider responsibilities for economic growth.”
He was right, was he not?
Justin Madders
Yes, he was right. That is the message that the Prime Minister sent out to the regulators at the investment summit, and it is why they have been invited in to give their ideas on growth. We do not think that asking regulators how they are going to stimulate growth is a problem—that is the No. 1 mission of this Government, and everyone should be signed up to delivering on it.