Proposals include:

• Creating a single, powerful advocate for competition: The Competition and Markets Authority would ensure dynamic and flexible use of tools to ensure strong and fair competition.
• Increasing business confidence: through faster decision making, ending duplication, and more predictability of competition processes and decisions.
• Reducing barriers to entry: by making it easier for the competition authority to tackle anti-competitive mergers; and reform anti-trust provisions to increase deterrence of anti-competitive and abusive behaviour.
• Delivering faster results for consumers: we want shorter end-to-end studies and investigations into markets where lack of competition is giving consumers a bad deal.
• Reducing the SME burden: we want to introduce an exemption for small mergers from the merger control regime.
• Giving small business a voice: an extended supercomplaints process to spotlight market features that harm small companies.

These proposals are intended to boost growth and streamline processes for business by

• Making it easier to tackle anti-competitive mergers;
• Reforming the regulations on anti-trust to increase deterrence of anti-competitive and abusive behaviour;
• Making it easier to investigate and remedy practices that have an adverse effect on competition;
• Making it easier to use general competition law to address issues in the regulated sectors, thereby increasing deterrence.

The consultation document is available on the BIS website. BIS invite comments from all who are interested and in particular welcome businesses of all size, economic regulatory bodies, consumer organizations, legal bodies, economic consultants and academics. Consultation is open until 13 June 2011.

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