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UK: More money, resources to yield big results for incoming watchdog

By  |  October 31, 2013

The incoming Competition and Markets Authority, the UK competition regulator slated to combine and replace the current Office of Fair Trading and Competition Commission, said it has big plans for its operations, planning to double cartel investigations.

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    The plans were projected by Pinsent Masons, which carried out analysis of the likely effects of the CMA’s improved resources over its current counterparts. The firm found the CMA to be operating with a 31 percent increase in resources. Combined with a nearly $26 million budget increase, the new regulator will likely double the volume of competition probes.

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