Oral Answers to Questions Debate
Full Debate: Read Full DebateGareth Thomas
Main Page: Gareth Thomas (Labour (Co-op) - Harrow West)Department Debates - View all Gareth Thomas's debates with the Department for Business, Energy and Industrial Strategy
(2 years, 3 months ago)
Commons ChamberI thank my hon. Friend for her question. She is right that I have met East Anglia MPs to discuss this matter—it has been impressed on me across more than 20 constituencies—and I am sure that I will have further engagements with her. I continue to work with National Grid as part of its processes to ensure that her constituents get the best possible deal.
The Competition and Markets Authority recently concluded that a lack of competition in key parts of the economy was leading to higher mark-ups from already profitable firms. In short, inflation was being caused in part because Ministers were not doing enough to ensure effective competition across those key bits of the economy. What is the Secretary of State doing about that?
The new CMA chair, Marcus Bokkerink, was confirmed by the Business, Energy and Industrial Strategy Committee. He and I are working very closely to see how we can improve the performance of the CMA, to make sure that consumers get a better deal.