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The Competition and Markets Authority: a powerful body faces an uncertain future

Brexit presents many questions for a regulator at a crossroads

By George Peretz  

Photo: Alamy

One of the aspects of the controversial Internal Market Bill that has attracted little attention is its creation of another role for the Competition and Markets Authority (CMA), namely that of monitoring market access and regulatory provisions between different parts of the UK. Depending on the outcome of negotiations with the EU and the current government’s decision on a future state aid regime, the bill—by making subsidy control a UK rather than a devolved power—also potentially opens up another role for the CMA, as an independent…

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