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Competition and Markets Authority to be given greater powers to tackle consumer rip-offs and bad business practices

Competition and Markets Authority to be given greater powers to tackle consumer rip-offs and bad business practices

by Danielle Thompson (November 2020)

WEST Lancashire MP Rosie Cooper has received a commitment from Government that they will give the Competition and Markets Authority (CMA) greater powers to tackle consumer rip-offs and bad business practices.  

Following the announcement that the CMA were launching direct enforcement against housing developers believed to have broken the law in relation to leasehold homes, MP Rosie wrote to the CMA seeking information about the powers available to them. 

Chief Executive Dr Andrea Coscelli informed Rosie that they had been asking for further powers from the Department for Business, Energy and Industrial Strategy.  

In response to correspondence from Rosie Cooper MP, the Business Minister Paul Scully MP confirmed that the Government is committed to giving the CMA enhanced powers.  

Ms Cooper said: “I welcome the Government’s commitment to enhance the powers of enforcement available to the Competition and Markets Authority when it comes to tackling rip-off sellers, particularly the thousands and thousands affected by the leasehold scandal.  

“Only with greater powers to take action against these rip-off businesses and developers will we see consumers’ rights protected.  

“The Business Minister tells me that they are seeking to strengthen other aspects of the consumer protection regime and are working closely with the CMA on this.  

“I will continue to monitor the progress so that Government and CMA can increase deterrence for these big businesses and protect customers.”

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