Anneliese Dodds – 2021 Comments on the Penrose Review

The comments made by Anneliese Dodds, the Shadow Chancellor of the Exchequer, on 16 February 2021.

This review is a missed opportunity. UK markets are becoming more concentrated, hitting consumers and workers and stopping small businesses in their tracks.

Labour would re-evaluate the role of the Competition and Markets Authority, ensuring it has the tools it needs to tackle the growing concentration of market power.

We need more robust competition policy, including action to crack down on tax avoidance and block mergers and acquisitions that either take on unsustainable debt or that aren’t in Britain’s long-term strategic interest.