The UK Parliament publishes an independent report by MP John Penrose on the national approach to competition and consumer protection policy highlighting issues related to applied economics

The Penrose Review investigated the state of competition and consumer protection policy in the UK, as well as economic regulation in network sectors. Some of the consumer protection proposals would be beneficial to consumers; however, others are untested and may have unintended consequences. In regulated sectors, there are unanswered questions around reforms to the appeals process, and the measures proposed to reduce the scope of economic regulation while increasing competition need to be explored in more detail. In September 2020, the UK government asked John Penrose MP to write a short independent report on the UK’s approach to competition and consumer protection policy. Published in February 2021, ‘Power To The People’ proposes several changes [1]. As noted in the report, a number of