The CMA’s Annual Concurrency Report shows how competition authorities have helped deliver benefits to households in 2021 to 2022 in the regulated sectors
Competition law in the UK is enforced by the Competition and Markets Authority (CMA), the nation’s primary competition authority, and, in certain sectors, by the relevant regulators.
In order for the regime to work effectively, there are rules on how the CMA and the sector regulators work together, which are known as the ‘concurrency’ arrangements.
Sectors covered by these arrangements account for approximately 25% of UK GDP and include services that most people use every day, such as communications, energy and water. This year’s report is issued against the background of increasing concerns about the cost of living, following the economic shocks caused by the global Covid-19 pandemic and the invasion of Ukraine.
The report outlines how the CMA and other regulators have been working to promote competition and improve their collective ability to enforce the law. It also considers new challenges, like shortages and shipping bottlenecks, which have emerged over the past year as the global economy recovered from the effects of the Covid-19 pandemic.
Highlights of the 2021 to 2022 report include:
The report also shows how the concurrency arrangements allow the regulators to help each other on a range of matters, including technical advice on specific markets and procedural guidance in competition investigations.
Andrea Coscelli, CMA Chief Executive, said:
Read the Annual Concurrency Report 2022.
Notes to Editors