The CBI has today responded to the launch of the new Competition Markets Authority (CMA), which replaces the Office of Fair Trading (OFT) and the Competition Commission.
Matthew Fell, CBI Director for Competitive Markets, said:
“The CMA, working alongside companies, has a critical role to play in helping to restore trust in business by ensuring that markets are working effectively and transparently.
“That includes delivering competitive prices to help keep costs down for customers and supporting new investment through speedy and robust decision-making, free from political interference.
“The CBI will be working closely with the CMA to help achieve these aims.”