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Saturday, 6th February 2016

UK Competition Authorities

Source: National Audit Office (UK)

From Press Release:

The newly-created Competition and Markets Authority has made significant progress in improving how the UK’s competition regime works, and it is now more coherent than before...Business awareness of competition law, however, is low and while it has improved the robustness of its enforcement casework, the regime has so far not produced a substantial flow of enforcement decisions or fines.

Effective competition is a key priority for government in its drive to improve growth and productivity. To help achieve this, the Office of Fair Trading (OFT) and the Competition Commission (CC) merged to become the CMA, taking over from the predecessor bodies in April 2014. In 2014-15, the CMA was granted an additional £12 million to expand its competition work. Government has also extended competition powers to regulators in financial services and health alongside the sector regulators, such as Ofcom, who already possess these powers. The total direct cost of competition work across all bodies in the UK regime was £66 million in 2014-15...

Competition authorities have increased their efforts to detect anti-competitive behaviour, particularly in financial services. The CMA is investing in gathering information on such behaviour from a wide variety of sources, including consumer organisations and whistle-blowers. Business awareness of the competition authorities and of competition law itself is however low, with the CMA’s 2014 survey finding that only 23% of businesses felt they knew competition law well.

+ Full report (PDF; 582 KB)

+ Summary (PDF; 98 KB)

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Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

More articles by Adrian Janes »



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