OFT and the Commission of competition to merge
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The Government wants to merge the Office of Fair Trading, led by Chief Executive John Fingleton, with the Competition Commission.
The move is expected to be announced today in a wider shake-up of the quasi regulatory agencies and other organizations built under the previous Labour Government.
Of the regime, new body will always be the responsibility to investigate mergers, cartels and unfair market dominance issues, but a large part of the work, the two organizations to make on the protection of consumers is likely to be moved elsewhere. Some the OFT and other functions are supposed to be moved to standard commercial divisions of local authorities.
The coalition targeted cuts in Government and Whitehall services as part of its plan to bring down the record deficit of Great Britain.Expenditure review itself will be delivered by George Osborne, the Chancellor of the Exchequer, next Wednesday.
The CBI, great hall of country's Affairs has welcomed the merger plans arguing that it should lead to more rapid surveys and enjoy the United Kingdom business.
The OFT has proved an aggressive regulator and sometimes controversial, edited by John Fingleton, Irish educated at Oxford, which took 2005.Il body gave a number of cases against construction firms, banks and supermarchés.Philip Collins, President of the OFT, recognized earlier this year that the body is likely to face spending cuts.
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