John Penrose MP To explore How To Strengthen UK Competition Policy

John Penrose MP will lead a review considering how the UK’s competition regime can be enhanced in the context of Covid-19 and the end of the transition period.

His work will build on recent competition policy developments to look at how the UK’s competition regime can further evolve to meet the government’s policy aims of promoting a dynamic, innovation-driven economy which delivers for consumers and businesses across all regions and nations of the UK.

The Chancellor of the Exchequer said

“The UK’s competition policy is highly regarded around the world. Building on this reputation and our existing policy direction will be key as we recover from Covid-19.”

John Penrose will gather expert opinion and produce a short, independent report on the UK’s competition policy later this year to inform Government policy making going forward.

He brings a unique perspective from his experience in business, understanding of everyday consumer issues from 15 years as a constituency MP, and long-running interest in the subject.