UK sets out proposals for single competition body

Britain has set out proposals to create a single competition authority, saying it would reduce delay and end duplication for business, and introduce an exemption for small deals from the merger control regime.

The 10-month-old coalition Conservative-Liberal Democrat government, planning to merge the competition functions of the Office of Fair Trading with the Competition Commission, opened a three-month consultation period on Wednesday.

Business secretary Vince Cable said consultation on the competition framework was a fundamental part of the government’s growth agenda

Read more: http://www.reuters.com/article/2011/03/16/britain-competition-idUSLDE72F0YJ20110316

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