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CMA wants to act faster on competition failings, to restore confidence in markets

“The existing [competition and markets] framework, in the years ahead, just won’t do. It has to be substantially improved”. That was the summation from Andrew Tyrie, chair of the Competition and Markets Authority (CMA), at a recent Policy Exchange debate over the regime’s future. “Doing nothing is not an option,” he said, adding that the CMA must “do its bit” to bolster consumers’ failing confidence in markets.

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