This piece was originally published by The Daily Telegraph on Friday 3rd July.

Britain’s competition regulator, the Competition and Markets Authority (CMA), has not had a good 2020.

The government ignored its recommendations made last year for a new regulator for the audit industry, and has not acted on the agency’s calls for stronger consumer protection powers. Its warnings to businesses against raising prices during Covid were criticised by economists for potentially leading to shortages of things like food and PPE.

And the CMA’s chairman, ex-MP Andrew Tyrie, was ousted last month in a coup by board members unhappy with…

Sam Bowman

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