Summary of the Consumer and Competition Policy directorate impact in department of business, energy and industrial strategy

1. Consumer and Competition Policy Directorate
£1.6trn
UK consumer’s expenditure
on goods and services
annually
We are the guardians of the
framework giving consumers
confidence to spend
Our work is important for individuals, the economy and
businesses
Competition improves consumer
outcomes: lower prices, better quality
and more choice. We are responsible
for making sure that there are tools
to generate these benefits
£10 for every £1
Annual ratio benefit to cost to
consumers of CMA work
Competition is key to Increasing
productivity, the primary aim of our
industrial strategy: CCP creates the right
conditions for competition thrive
1stOECD UK rank for the
effectiveness of economic
regulation regime
£115bnTotal Investment in
infrastructure in regulated
markets 2010-14
A fifth
industry productivity
growth attributed to
competition policy
improvements
£9.16bn
Per year businesses
spend chasing late
payments
11,500
Pubs in scope of the
Pubs Code in England
and Wales.
79%
UK traders think that
competitors comply
with consumer law,
highest rate
in the EU
We also have oversight of the system
of economic regulation in the UK and
our regulatory system has increased
investor confidence
We facilitate independent
regulation of markets to protect
consumers and are world leaders
with our regulatory regime
We are creating a new Small
Business Commissioner and
the Prompt Payments code will
help to support small businesses
through better payment practices
We created a Pubs Code
Adjudicator seeking to address an
imbalance of power in the market
between the pub-owning companies
and the tenants who run pubs
Our work in Consumer Policy sets the
framework by which markets operate to
ensure consumer confidence in markets,
the best consumer protection policies and
reassures businesses that they are
competing on a level playing field
We work with consumer
enforcement bodies
have a major role in
tackling consumer
detriment
£14.8bn
NAO’s estimated
value of consumer
detriment 14/15
65%
Those supplying Tesco
saying its practices had
improved
We work with the
Groceries Code
Adjudicator overseeing the
relationship between
supermarkets and suppliers