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Government to create single competition authority | Reuters

(Reuters) - Britain plans to streamline its antitrust regime by merging two existing bodies into a single competition and market authority, in a move broadly welcomed by business leaders.

An official list of public bodies facing reform said the government would consult next year on a merger of the Competition Commission with the competition functions of the Office of Fair Trading (OFT). The proposal would transfer the OFT's consumer and enforcement functions to another body.

The CBI welcomed the move on Thursday, which it said it had advocated. The heads of the two organisations also backed the proposal.

"The planned merger would improve the efficiency of the competition regime by cutting duplication," said Matthew Fell, CBI Director of Competitive Markets.

by In Wales (inwales aaat eurotrib.com) on Thu Oct 14th, 2010 at 11:58:59 AM EST
[ Parent ]
Britain plans to streamline its antitrust regime by merging two existing bodies into a single competition and market authority

Won't that make it a monopoly?

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Oct 15th, 2010 at 07:24:09 AM EST
[ Parent ]
Osborne : "Drat, I was hoping nobody would notice"

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Oct 15th, 2010 at 07:50:18 AM EST
[ Parent ]

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