The CMA’s 2022 to 2023 Annual Plan introduced a new <a href="https://www.gov.uk/government/publications/cma-annual-plan-2023-to-2024" class="govuk-link">multi-year strategy</a>, amidst ongoing volatility and uncertainty in the economic, geopolitical, and technological environment. Our long-term strategy is anchored on delivering positive impact for people, businesses, and UK economy, while ensuring the CMA has the capabilities and expertise required of a 21st century competition and consumer protection authority.The <a href="http://www.gov.uk/government/publications/cma-annual-plan-2024-to-2025" class="govuk-link">Annual Plan 2024 to 2025</a> builds on this strategy, following consultation with over 70 diverse businesses and organisations across England, Scotland, Wales, and Northern Ireland. In particular, the Annual Plan updates the CMA’s near-term Areas of Focus for the next 12 months, as it takes on new responsibilities under the Digital Markets, Competition and Consumers (DMCC) Bill, expected to receive Royal Assent in April 2024.The bill will strengthen the CMA’s ability to foster competition, innovation, and growth in digital markets and to protect consumers from harm. The CMA stands ready to make full use of its enhanced tools when the legislation comes into force.For 2024 to 2025, CMA’s Areas of Focus include:Marcus Bokkerink, Chair of the CMA, said:As we move into our 10th year, our determination to deliver positive outcomes for people, businesses, and the economy is stronger than ever. This is clear in our Annual Plan, which sees us continue to act in areas that really matter to people and businesses – from essentials like housing, groceries and road fuels, to rapidly changing technology-driven markets like AI and cloud services.Getting out and speaking with people and businesses about what’s affecting them in the here and now, and the opportunities they see in the future, has been a core input to the CMA’s strategy. That’s why we’ve been engaging with a broad range of stakeholders across the UK as part of the Annual Plan consultation and during our day-to-day operations. The ideas and feedback we get from the people and businesses we serve is incredibly valuable.Sarah Cardell, Chief Executive of the CMA, said:The coming year will be a unique one in the CMA’s history as we reach our ten-year anniversary. We expect to take on new powers as part of the DMCC Bill, enabling us to inject much needed competition into digital markets and to protect consumers more effectively than ever before. We have been preparing for several years to make sure we can hit the ground running and we are more committed than ever to making a real impact for people, businesses, and the UK economy across all areas of our work.

CMA's Strategic Plan for 2024-2025

The Competition and Markets Authority (CMA) has released its Annual Plan for 2024-2025, outlining key areas of focus such as fostering competition in digital markets and protecting consumers. The plan reflects the CMA's commitment to delivering positive outcomes for people, businesses, and the UK economy, with a particular emphasis on new responsibilities under the Digital Markets, Competition and Consumers (DMCC) Bill. The CMA aims to utilize enhanced tools to promote competition, innovation, and growth in digital markets, while ensuring effective consumer protection. The plan is informed by consultations with various stakeholders and organizations across the UK, highlighting the importance of engaging with businesses and individuals to address current challenges and future opportunities. The CMA's strategic approach is geared towards addressing essential sectors like housing, groceries, and road fuels, as well as adapting to the evolving landscape of technology-driven markets such as AI and cloud services. The upcoming DMCC Bill is expected to provide the CMA with additional powers to regulate digital markets and safeguard consumer interests, marking a significant milestone as the authority approaches its tenth year of operation.

CMA's Strategic Plan for 2024-2025

The CMA unveils its 2024-2025 Annual Plan, focusing on enhancing competition, innovation, and consumer protection in digital markets under the upcoming DMCC Bill.