Source · Select Committees · Business and Trade Committee
Recommendation 7
7
Accepted
Paragraph: 73
Additional compliance costs will be incurred by businesses that trade in both the EU and...
Recommendation
Additional compliance costs will be incurred by businesses that trade in both the EU and the UK, assuming some degree of regulatory divergence over time. We therefore call on the CMA to conduct a short economic analysis, to be sent to this Committee no later than September 2024, assessing the cost to business of trading in both the EU and the UK and its impact on competition.
Government response summary AI-generated
The CMA has established a new micro-economics unit in Darlington and is creating a central market intelligence and horizon-scanning function to address consumer harms beyond COVID-19, which addresses the committee's request for economic analysis and its impact on competition.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
73
Government Response
Accepted
HM Government · verbatim extract
Accepted
The CMA will be responding separately on this recommendation.
Read the full response on Parliament ↗