Queens Speech confirms new competition legislation

The Enterprise and Regulatory Reform Bill will:

  • Overhaul the employment tribunal system, and transform the dispute resolution landscape.
  • Improve the effectiveness and efficiency of competition enforcement and the competitiveness of markets, by strengthening the regime and improving the speed and predictability for business.
  • Set the purpose of the UK Green Investment Bank and ensure its independence.
  • Strengthen the framework for setting directors’ pay by introducing binding votes.
  • Extend the Primary Authority scheme, reduce inspection burdens on business and strengthen the legal framework for sunset clauses on regulation.
  • Repeal unnecessary legislation, cutting the burden on business and citizens.

The Cooperatition Incubator and our partners will review the draft legislation closely in the month’s ahead to ensure that  public interest factors are fully addressed.

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