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Penrose report on Covid-19, Brexit impact on competition policy published

( February 16, 2021, 00:00 GMT | Official Statement) -- MLex Summary: Conservative party lawmaker John Penrose has recommended that the UK's competition regulator publish an annual "State of Competition and Consumer Detriment" report, to measure progress and problems across the country, following a review of the competition regime. The Penrose report, which sets out how the Competition and Markets Authority should evolve amid the coronavirus pandemic and Brexit, has also recommended that the CMA’s civil consumer enforcement powers be updated to bring them into line with its competition toolkit. Penrose was asked last September to write an independent report on how the UK’s approach to competition and consumer issues could be improved.Statement follows. The report is attached....

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