Government enlists CMA to assess UK’s competition regime

The Treasury and BEIS have commissioned the Competition and Markets Authority (CMA) to assess how well competition is working across the UK economy.

In a letter to the CMA, the government set out how its existing understanding of how well competition is working across the economy is limited, and that there was no agreed way to measure and monitor the state of competition across the whole economy.

In commissioning the CMA to prepare and publish a regular state of competition report, the letter explained collective understanding of the level and nature of competition across the UK economy can be raised. Each report – the first of which will arrive in summer 2020 – will contain metrics relevant to the measurement of competition across the UK economy; analysis and commentary on the implications of the findings, potentially including a discussion of local or regional comparisons, and international comparisons if feasible; and an assessment of the robustness of metrics used.