At an investment summit in October, Sir Keir said the Government “will make sure that every regulator in this country, especially our economic and competition regulators, takes growth as seriously as this room does”.
On Thursday, the CMA said it will focus on four areas as part of a plan to support the Government’s growth ambitions: pace, predictability, proportionality and process.
CMA chief executive Sarah Cardell said: “A robust, independent competition regime should both drive growth and investment and uphold consumer interests.
In a new “strategic steer” aimed at the watchdog, the Department for Business and Trade said its approach should “reflect the need to enhance the attractiveness of the UK as a destination for international investment”.
The competition watchdog has said it plans to speed up its decisions on deals, amid pressure from the Government for the regulator to be less risk averse.
