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UK competition watchdog to soon get new government 'strategic steer' on priorities

( May 10, 2023, 16:23 GMT | Official Statement) -- MLex Summary: The UK competition watchdog will soon be given a "strategic steer" from the government with a list of priorities for the regulator's activity, including the use of new powers provided by the Digital Markets, Competition and Consumers Bill. The document, while non-binding, gives the Competition and Markets Authority an idea about the government's expectations in competition policy. The steer will fit within a broader push to commit regulators to "support investment, innovation and growth," and include technical changes, including a presumption of acceptance of the watchdog's recommendations.An excerpt from a broader policy document follows. The document is attached....

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