Source · Select Committees · Business and Trade Committee
Recommendation 2
2
Accepted
Paragraph: 31
In the context of the Government’s stated aim to drive higher economic growth, we believe...
Recommendation
In the context of the Government’s stated aim to drive higher economic growth, we believe the CMA could be doing more to help stimulate economic growth in the UK by conducting more market studies in key sectors of the economy and thinking more about the role of competition in driving productivity. We therefore encourage the CMA to consider this part of its remit in deciding on its work priorities and resource allocations going forward.
Government response summary AI-generated
The CMA states it already considers economic growth and productivity in its work, referencing its draft Annual Plan and prioritisation principles for market studies.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
31
Government Response
Accepted
HM Government · verbatim extract
Accepted
We believe the CMA has an important role to play in improving UK competitiveness and enabling economic growth. It is a matter for the CMA to determine its priorities within available resources. The CMA will respond separately on this point.
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