UK watchdog eases regulations on thousands of businesses
The Competition and Markets Authority (CMA) announced it will eliminate 23 outdated restrictions impacting businesses across various sectors, aiming to reduce unnecessary bureaucracy.
The move will remove requirements deemed no longer essential, easing the burden on companies. Examples include lifting a prohibition on travel agents linking travel insurance with foreign package holidays and another limiting the BBC’s ability to promote its magazines on air.
Other obsolete rules being removed involve the supply of fizzy drinks and ice cream, access to local bus stations, and extended warranties on electrical goods. Partial adjustments will also be made to restrictions concerning home credit and certain soft drinks.
The CMA initiated a review of 33 such “remedies” – measures implemented between 1987 and 2017 to address competition concerns. While 23 restrictions are being fully removed and two are being partially adjusted, six will remain in effect.
Two additional cases concerning retail banking and private motor insurance are still under consideration.
The CMA stated this decision reflects its dedication to ensuring market remedies remain relevant and effective, while eliminating those that are no longer necessary. Juliette Enser, executive director of enforcement and markets, previously stated that removing outdated measures will “help reduce the burden on businesses and allow the CMA to focus on the protections that matter most.” She emphasized that promoting strong competition remains central to the CMA’s decision-making process.
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“UK competition watchdog scraps outdated restrictions on thousands of businesses”
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