Additional compliance costs will be incurred by businesses that trade in both the EU and the UK, assuming some degree of regulatory divergence over time. We therefore call on the CMA to conduct a short economic analysis, to be sent to this Committee no later than September 2024, assessing the cost to business of trading in both the EU and the UK and its impact on competition.

Additional compliance costs will be incurred by businesses that trade in both the EU and the UK, assuming some degree of regulatory divergence over time. We therefore call on the CMA to conduct a short economic analysis, to be sent to this Committee no later than September 2024, assessing the cost to business of trading in both the EU and the UK and its impact on competition. Type: conclusion | Number: 7 | Paragraph: 73 | Response status: under_consideration Government response: As the Committee recognises, the CMA’s COVID-19 Taskforce provided an effective mechanism to identify and tackle consumer harms related to the pandemic, leading to a number of areas of direct action by the CMA, including our work to secure hundreds of millions of pounds in refunds to people whose ho