Hello and welcome to another MLEX podcast. If you've listened in before, thanks for joining us again,

and if this is your first time, a very warm welcome. I'm Matthew Hull House, Senior Correspondent

in Emlex's London Bureau and today I'm talking with correspondence Victoria Ibertoe

and Simon Zakaria who focus on UK antitrust issues. Welcome both.

Thank you. Hi, hi. Theresa May entered office three years ago with high hopes of fixing what she called Britain's

dysfunctional markets. She hinted at a more interventionist era, after Brexit, a Britain that

works for everyone, she promised. But she left office last month with many major reforms

only halfway done. We've seen a flurry of activity consultations

and reports launched in her tenure on consumer markets, tackling the tech giants, taking on the

cosy audit industry, a new post-Brexit state aid regime and a better eye on foreign direct

investment. But many have been left

incomplete and it now falls to the new Brexit Secretary Andrea Ledsoom to tackle this

bulging intray, just as all the government's energy is directed at delivering Brexit by

October 31st. So let's look at what awaits Andrea Ledson.

First of all, tackling consumer markets.

One of Theresa May's last announcements was that she would alter the rules that govern the CMA

to allow it to sanction companies that break consumer law without recourse to the courts.

And just before he left office, Greg Clark

made a major speech in which he described the penalties that consumers pay for their gas

and electricity as unfinished business. And we are scheduled to have a major policy paper in the

autumn tackling these consumer markets. Simon Zakara, would you explain what is the CMA

looking at in this space? Thanks, Matthew. So in terms of the CMA, we had a big development

...