Last week the department published its proposed reforms to boost competition and protect the public from being ripped off.
Proposals set out in the consultation include new powers for the Competition and Markets Authority to improve enforcement of consumer law and plans to tackle “subscriptions traps” and fake online reviews so that consumers can spend with more confidence.
The consultation also sets out new and enhanced powers for the competition regulator to help drive innovation, productivity and growth. Under the plans, the CMA will be able to wrap up investigations faster and impose stronger penalties on firms that break the law or fail to cooperate with the regulator’s work.
The consultation covers proposals under 3 themes on which we’re seeking views:
- promoting competition to drive enterprise, innovation, growth, and productivity
- updating consumer rights to keep pace with markets
- strengthening the enforcement of consumer law by individuals and regulators