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The Competition and Markets Authority (CMA) is the principal competition regulator in the United Kingdom. It is a non-ministerial government department in the United Kingdom, responsible for promoting competitive markets and tackling unfair behaviour. [ 4 ]
The programme was launched in 2002 by deputy prime minister John Prescott, [3] with the coalition government led by David Cameron ending funding in March 2011. [6]Supporters of the scheme claimed that it would " renew failing housing markets and reconnect them to regional markets", "improve neighbourhoods and" "encourage people to live and work in these areas."
The National House Building Council (NHBC), established in 1936, is the UK's largest provider of new home warranties. NHBC is also the UK's largest single Approved Inspector for Building Regulations. Other activities include the provision of services linked to house building and general construction; including energy ratings, health and safety ...
Competition regulators may also regulate certain aspects of mergers and acquisitions and business alliances and regulate or prohibit cartels and monopolies. Other government agencies may have responsibilities in relation to aspects of competition law that affect companies (e.g., the registrar of companies).
On 22 March 2021, the Competition and Markets Authority appointed Rachel Merelie as the Senior Director for the OIM. [7] On 21 September 2021, the Office for the Internal Market officially opened and began operating as the advisory body for the UK internal market.
The majority of the OFT's work consisted of analysing markets, enforcing consumer and competition law, merger control, licensing and supervisory work (of consumer credit, estate agency, anti money-laundering supervision), advocacy, delivering information, education programmes and campaigns to business and consumers.
The Parliamentary Under-Secretary of State for Employment Rights, Competition and Markets [1] is a ministerial position in the Department for Business and Trade in the British Government. It is currently held by Justin Madders. The position was previously housed within the Department for Business, Innovation and Skills.
The Competition Act 1998 (c. 41) is the current major source of competition law in the United Kingdom, along with the Enterprise Act 2002.The act provides an updated framework for identifying and dealing with restrictive business practices and abuse of a dominant market position.