Competition and Markets Authority: Finance

(asked on 22nd November 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what the annual budget is of the Digital Markets Unit within the Competition and Markets Authority in each year since that unit was established; and what the planned budget is for the Digital Markets Unit in each financial year until 2024-5.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 24th November 2022

The Digital Markets Unit (DMU) was established in April 2021 as part of the Competition and Markets Authority (CMA). The DMU is funded through the CMA’s regular budget setting process. In the Spending Review 2020, set up costs for the DMU were included in the CMA’s 2021-22 resource budget of £109.6m.

At Spending Review 2021, the CMA’s resource budget, which includes the DMU, was set at £112.5 million in 2022-23, £127.9m in 2023-24 and £130.5m in 2024-25.

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