Source · Select Committees · Business, Innovation, Science and Trade Committee
Recommendation 18
18
Paragraph: 139
We welcome the Government’s recent proposals to increase the CMA’s ability to fine businesses that...
Conclusion
We welcome the Government’s recent proposals to increase the CMA’s ability to fine businesses that abuse their market position, by reducing the minimum turnover threshold for immunity from financial penalties from £50 million to £20 million and imposing penalties of up to 10% of global annual turnover in instances where consumer protection laws are broken.
Paragraph Reference:
139
Government Response
A response document is linked to this report, dated 10 February 2023. Response attribution to this conclusion has not been verified. Read the response document ↗