On 20 April 2022, the Department for Business, Energy & Industrial Strategy ('BEIS') published a response to its July 2021 consultation 'Reforming competition and consumer policy – Driving growth and delivering competitive markets that work for consumers' setting out its plan to introduce significant reforms to competition law and consumer law in the UK. Reforms are proposed in all areas of competition law from mergers to anticompetitive conduct and market investigations. In relation to consumer law, the government plans to fundamentally change the enforcement of consumer law by introducing an administrative enforcement model which will enable the Competition and Markets Authority ('CMA') to directly impose fines of up to 10% of global turnover on companies that break the law. Key
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The UK Department of Business, Energy & Industrial Strategy publishes a response to its consultation setting out plans to introduce significant reforms to national competition and consumer law
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