Just five years after it was created, does the CMA already need fundamental reform?

Just five years after it was created, does the CMA already need fundamental reform? Lord Tyrie, the Chairman of the CMA, certainly thinks so. The CMA has also published an extensive ‘wish-list’ of changes designed to safeguard the interests of consumers and to maintain and improve public confidence in markets. The Digital Competition Expert Panel led by Jason Furman has also recommended changes to UK competition policy “to unlock the opportunities of the digital economy”.

In this article, we provide our views on some of these key proposals and what they might mean for businesses if they make it into the forthcoming BEIS consultation on CMA reform.