Whilst we support the increase in powers for the CMA, we also share the concern that there is insufficient oversight of the CMA and its performance. Additional powers must therefore come with additional accountability. This Committee will be undertaking more work on parliamentary oversight of the CMA, and other regulators, in 2023. In the interim, we require the CMA to proactively report to this Committee on an ongoing basis.

Whilst we support the increase in powers for the CMA, we also share the concern that there is insufficient oversight of the CMA and its performance. Additional powers must therefore come with additional accountability. This Committee will be undertaking more work on parliamentary oversight of the CMA, and other regulators, in 2023. In the interim, we require the CMA to proactively report to this Committee on an ongoing basis. Type: conclusion | Number: 5 | Paragraph: 41 | Response status: under_consideration Government response: Intra-UK trade The Office for the Internal Market (OIM), which sits within the CMA and was established by the UK Internal Market Act 2020, has a statutory obligation to monitor and report on the operation of the UK’s internal market and developments as to the effectiveness of the operation of that m