‘Vague’ Penrose report is ‘good provocation for debate’

A long-awaited report outlining recommendations designed to strengthen the UK’s competition regime has been cautiously welcomed by industry observers but described as lacking in detail. The Power to the People report by Conservative MP John Penrose has a heavy focus on streamlining regulatory processes and creating further competition where possible. It also calls for measures introduced in insurance to tackle 'loyalty penalties' to be extended to energy.

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