The business secretary, Jonathan Reynolds, said in comments trailled beforehand on Thursday that the CMA should focus on creating a “more competitive business environment with less burdensome regulation”.
Starmer said at an investment summit in October that the government would “make sure that every regulator in this country, especially our economic and competition regulators, takes growth as seriously as this room does”.
The UK competition watchdog has said it plans to speed up its decisions on deals amid calls from the government for it to be less risk averse.
The CMA said on Thursday that it would focus on four areas as part of a plan to support the government’s growth ambitions: pace, predictability, proportionality and process.
In a new “strategic steer” for 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”.
