Competition and Markets Authority announces plans for ‘step change’ after government calls for it be less risk averse

The UK competition watchdog has said it plans to speed up its decisions on deals amid calls from the government for it to be less risk averse.

The Competition and Markets Authority (CMA) announced plans to deliver a “step change” in how it operates in the coming months. It is among regulators which have faced demands from the government to help its ambitions to accelerate economic growth.