Detail of outcome
We have updated the steer to clarify:
- why competition is important for productivity
- the importance of the CMA focusing its efforts on removing competition barriers to help all businesses enter markets
- the need for the CMA to reduce its burdens on business
- the importance of the CMA providing advice and challenge to central and local government on any intervention that might affect competition
A final version of the steer can be found in the government’s response at Annex A.
Detail of feedback received
We received 18 responses to the consultation from a range of interested parties including:
- business representation groups (7)
- large business (5)
- regulatory bodies (2)
- not-for-profit organisations (1)
- legal representatives (1)
- consumer bodies (1)
- charities (1)
This consultation ran from to
We are seeking views on the government’s proposed new strategic steer to outline the priorities for the CMA during this parliament.
When the Competition and Markets Authority (CMA) was established the government issued a non-binding ministerial statement of strategic priorities (the steer) outlining the government’s aims for the CMA.
The steer provides a clear statement of how the government sees competition fitting with its wider objectives for the economy. It sits alongside the CMA’s accountability framework and its legal duties.
This consultation is on the government’s new steer to outline the strategic priorities for the CMA during this parliament. We are seeking views on the general approach and the length of time the steer should be in place for.
The consultation was announced as part of the action plan to boost the UK’s productivity.