At the time of writing, a merger between the OFT and the Competition Commission has been proposed to cut costs, reduce the duplication of processes and increase business confidence in regulation.

Question

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The merger between the Office of Fair Trading (OFT) and the Competition Commission in the UK was proposed and subsequently implemented to streamline competition regulation, aiming to cut costs, reduce duplication of processes, and increase business confidence in the regulatory framework. This led to the creation of the Competition and Markets Authority (CMA) in 2014.

At the Time of Writing, a Merger Between the OFT