Statement
Published: 13 February 2025
BritishAmerican Business Welcomes UK Competition Watchdog's New Growth Mandate
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Contact: Dominic Parker, Senior Communications and Media Manager
dparker@babinc.org | 020 7290 9882 | +44 7500 115352
Today the UK Secretary of State for Business and Trade, Jonathan Reynolds MP announced a new ‘strategic steer’ for the Competition and Markets Authority (CMA) to encourage growth and an agile and competitive business environment.
In response, BritishAmerican Business CEO Duncan Edwards OBE said:
“There has been a growing concern amongst many of our members about increased and unnecessary regulation acting as a disincentive to investment in the UK. Our members are pleased therefore to see the UK government taking action and setting a growth mandate for the CMA. The strategic steer rightly identifies the need for a more agile and business friendly environment in the UK. Of course, we will need to see how this plays out but we hope that this will lead to positive changes.”
About BritishAmerican Business
BritishAmerican Business is the leading transatlantic trade association incorporating the British-American Chamber of Commerce in the US and the American Chamber of Commerce in the UK.
We are committed to strengthening the economic corridor between the United States and the United Kingdom by supporting policies and actions that protect and enhance the environment for transatlantic trade and investment on behalf of our members.
We convene and serve a growing network of companies and business leaders through networking opportunities, bespoke programming and marketing platforms.
We actively promote trade and investment and support those who make the transatlantic corridor part of their business growth ambition.