Miliband wants annual review of banks and energy businesses

 
Tim Wallace
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CONSUMER lobby groups should conduct an annual competition audit on the government’s behalf, Ed Miliband will say today.

The Labour leader argues that paying more attention to groups like Which? would improve competition and help consumers.

But business groups attacked the idea.

“The role of the Competition and Markets Authority is to act as an independent body that judges how effectively markets are working for businesses and consumers,” said the CBI’s Katja Hall.

“It should operate free from interference and not be told how do its job by other stakeholders.”

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