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Written question asked by Lord Bradshaw (Liberal Democrat) on Tuesday, 18 October 2016, in the House of Lords. It was due for an answer on Tuesday, 1 November 2016. It was answered by Baroness Neville-Rolfe (Conservative) on Monday, 24 October 2016 on behalf of the Department for Business, Energy and Industrial Strategy.

Bus Services: Competition

Question

To ask Her Majesty’s Government how much has been spent by the Competition and Markets Authority conducting investigations into the bus industry, including fees paid to consultants and legal fees, over the last 10 years.

Answer

The Competition and Markets Authority (CMA) was formed in 2014 after the Office of Fair Trading and the Competition Commission were merged. It has the function to carry out investigations into sectors where there is risk of anti-competitive behaviour.

Since its inception in 2014, the CMA has carried out five Phase 1 merger investigations into the bus industry. The estimated cost for these investigations was £308,229.55. The Government does not hold information on the cost of individual investigations undertaken by the Office of Fair Trading or the Competition Commission.

Secondary information

Type
Written question
Reference
HL2425
Session
2016-17
Subjects
Company investigations Bus services Competition Expenditure Competition and Markets Authority
Contains statistics
Yes
Link
View this Written question on www.parliament.uk