Competition and Markets Authority needs new powers in 21st century, report by former chair finds
The former chair of the Competition and Markets Authority (CMA) has said the huge online marketplace fostered by tech companies such as Amazon, Facebook and Google means the opportunity to “rip off ordinary people” is growing and that the regulator is struggling to keep up.
In a new report, Andrew Tyrie, who quit as chair of the competition watchdog last year, argues that one of the CMA’s biggest problems is that many consumers and businesses have “never heard of it”.
