Zenith CC&P Current Awareness

Spring Statement 2019: Competition and regulatory

14 March 2019

Prof. Suzanne Rab

The Spring Statement, delivered on 13 March 2019 by the Chancellor of the Exchequer, Philip Hammond, perhaps did not get the usual airtime in the wake of other extraordinary parliamentary business.

From a competition and regulatory perspective, there are some key takeaways.  The Chancellor has welcomed the report of the Digital Competition Expert Panel. The government is expected to respond later this year on the call to update the competition laws to take account of the digital age.  The review also recommended that subject to an orderly Brexit, the CMA will undertake a review of how regulation affects competition in the UK business context. Quite what that means is unclear but the CMA has confirmed this on Twitter.  Finally, the National Infrastructure Commission study on the future of economic regulation will report in Autumn 2019.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/785618/WMS_final_Commons.pdf

Current Awareness

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