Tuesday 16 February 2021 / 3:12 PM Anneliese Dodds

Anneliese Dodds responds to publication of Penrose Review into UK competition policy

Anneliese Dodds MP, Labour’s Shadow Chancellor, responding to the publication of the Penrose Review into UK competition policy, said:

“This review is a missed opportunity. UK markets are becoming more concentrated, hitting consumers and workers and stopping small businesses in their tracks.

“Labour would re-evaluate the role of the Competition and Markets Authority, ensuring it has the tools it needs to tackle the growing concentration of market power.

“We need more robust competition policy, including action to crack down on tax avoidance and block mergers and acquisitions that either take on unsustainable debt or that aren’t in Britain’s long-term strategic interest.”