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CMA ‘needs change of culture’ Tyrie tells MPs

    Reforms to the Competition and Markets Authority unveiled by ministers last week do not go far enough, the watchdog’s former chairman has warned in a letter to all 650 MPs.

    Lord Tyrie, who quit as chairman last year after a boardroom coup, argues that proposed new powers to levy huge fines on businesses that rip off consumers and to strengthen protections for small companies are only “an essential first step”.

    Read more in The Times (£) here

    Date added: Monday 26th July 2021