On March 15, the U.K. government announced plans for reform of the U.K. competition regime following a lengthy consultation process. On May 9, it was announced in the Queen’s Speech (which sets out the government’s legislative program for the coming year) that the proposed reforms would be introduced to Parliament in the Enterprise and Regulatory Reform Bill.
The reaction within the United Kingdom to the government’s explanation of the direction it has now set has been distinctly muted. The most widely held view appears to be that the announced reforms are at best an anti-climax, and at worst a missed opportunity to implement radical (and much needed) change.
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