The Chair of the UK Competition and Markets Authority (CMA) addressed the International Chambers of Commerce, highlighting the critical role of competition and consumer regimes in driving economic growth and household prosperity. With ongoing geopolitical tensions and economic pressures, the CMA aims to create a predictable regulatory environment to support businesses.

In her speech, the Chair reaffirmed three key commitments: maintaining a stable regulatory regime, improving operational processes, and ensuring transparency. She emphasized the need for clarity and predictability in regulatory frameworks to encourage long-term investments from businesses.

The CMA has introduced a three-year strategy focused on promoting competition and protecting consumers while adapting to real-world contexts. The Chair noted that effective regulation reduces uncertainty for businesses, allowing them to make informed investment decisions.

Additionally, the CMA is transforming its operations to enhance agility and consistency, particularly in its mergers regime, which has seen improvements in speed and efficiency. The Chair also discussed the importance of public procurement and the need to combat bid-rigging, which can significantly inflate costs for taxpayers.

Finally, the Chair emphasized the CMA's commitment to transparency in its processes, particularly regarding merger assessments and consumer protection efforts. The CMA aims to create a level playing field for businesses while protecting consumers from unfair practices.