Britain’s competition watchdog is to be given new post-Brexit powers to levy massive fines on companies that rip off consumers, speed up antitrust cases and protect innovative small companies from predatory rivals:1640034480000,.
Kwasi Kwarteng, business secretarya massive Russian military buildup nea, will next week propose streamlined and strengthened powers for the Competition and Markets AuthorityThe second quarter o, intended to drive innovation and growth.
The reform comes two years after former CMA chair Lord Andrew Tyrie demanded an arsenal of measures to transform the watchdog into a consumer champion. Tyrie, who left the organisation last year following a boardroom coupThe countries an idea o, called for swifter enforcement against companies and directors, a new statutory consumer role and hefty finesThe current rate o.
The government stopped short of granting the CMA a new statutory role to protect consumers in its draft rules but proposed beefed-up powers including heavy sanctions for corporate wrongdoing and direct finesand other outdoor public gatherings can have up to 150 people attend..