Competition and Markets Authority Chairman Debate

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Department: Department for Business and Trade

Competition and Markets Authority Chairman

Jim Shannon Excerpts
Wednesday 22nd January 2025

(1 day, 14 hours ago)

Commons Chamber
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Urgent Questions are proposed each morning by backbench MPs, and up to two may be selected each day by the Speaker. Chosen Urgent Questions are announced 30 minutes before Parliament sits each day.

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Lindsay Hoyle Portrait Mr Speaker
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Mr Grady, I think you have asked a question. [Interruption.] I think the Whips need to be advising you a bit more.

Jim Shannon Portrait Jim Shannon (Strangford) (DUP)
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I thank the Minister for his answers. The role of the CMA chair is essential in the current economic climate, as we watch how our allies in the USA approach their trading and their deals. We need a message of strength; we need to relay the fact that we are ready and open for international business. Does the Minister believe that this interim measure sends that message, and how quickly can we get the right person in place to promote our business standing?

Justin Madders Portrait Justin Madders
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We are really serious about growth. This is about sending the message that we want to make sure that Britain is open for investment, and that we will work with partners across the world to encourage investment and get the growth that we want, for the benefit of the entire economy. This is just one part of the plan.