Business: Competition

(asked on 14th January 2025) - View Source

Question to the Department for Business and Trade:

To ask His Majesty's Government what assessment they have made of the impact of anti-competition regulation on the growth of UK businesses.


Answered by
Baroness Jones of Whitchurch Portrait
Baroness Jones of Whitchurch
Baroness in Waiting (HM Household) (Whip)
This question was answered on 27th January 2025

The Government views effective competition regulation as a key driver for growth of UK businesses. As outlined in the Industrial Strategy Green Paper, effective competition drives innovation and boosts productivity, enabling businesses to thrive. The Competition and Markets Authority (CMA) is the UK’s primary consumer and competition authority. The CMA has returned over £23 in savings to consumers for every £1 spent by UK taxpayers over the last 3 years.

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