Source · Select Committees · Business and Trade Committee
Recommendation 18
18
Deferred
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.
Government response summary AI-generated
The CMA will be responding separately.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
139
Government Response
Deferred
HM Government · verbatim extract
Deferred
The Government is committed to taking forward these changes. As previously stated, the Bill will be introduced in this Parliamentary session.
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