Source · Select Committees · Business and Trade Committee
Recommendation 4
4
Acknowledged
Paragraph: 40
The increase in the CMA’s responsibilities and powers is likely to lead to a corresponding...
Conclusion
The increase in the CMA’s responsibilities and powers is likely to lead to a corresponding increase in its public profile, as businesses and public authorities start to engage with it, or engage more frequently. We believe that would be beneficial and should be embraced by the CMA. We will play a part in increasing accountability of the CMA through enhanced, more regular scrutiny, challenging it when we think necessary.
Government Response Summary
The CMA welcomes greater interest and scrutiny from parliamentary committees and is ready to engage and provide greater reporting.
Paragraph Reference:
40
Government Response
Acknowledged
HM Government
Acknowledged
As the CMA grows and takes on responsibilities, effective accountability will be important across our functions. Our strategy, priorities and choices should be transparent, and they should be subject to searching democratic scrutiny. The CMA continues to be ready and willing to engage with Select Committees in both the Commons and the Lords, and welcomes the greater interest in its work from parliamentary Committees in recent years. The CMA also welcomes the Committee’s intention to step up its oversight of the CMA in 2023. The CMA is happy to provide greater reporting, whether that is by formally giving evidence to the Committee, or through informal briefings, written updates, or responses to specific questions. On an ongoing basis, the CMA will continue to keep the Committee regularly informed on corporate and strategic issues, as well as key projects.