18 Deferred

We welcome the Government’s recent proposals to increase the CMA’s ability to fine businesses that...

Conclusion
We welcome the Government’s recent proposals to increase the CMA’s ability to fine businesses that abuse their market position, by reducing the minimum turnover threshold for immunity from financial penalties from £50 million to £20 million and imposing penalties of up to 10% of global annual turnover in instances where consumer protection laws are broken.
Government Response Summary
The CMA will be responding separately.
Paragraph Reference
139
Government Response
Deferred
HM Government Deferred
The CMA will be responding separately.
Addressee Bodies
Department for Business and Trade
Timeline
Recommendation age 3.6 yrs
Report published 25 Oct 2022