Because allowing one party to heavily invest, or acquire, another party has nothing to do with the principles of freedom of movement of goods and services.How does that work when EU single market policy dictates freedom of movement between goods and services ?
As somebody who spent a lot of times in Brussels before the UK left the EU, you should know there is a lot of overlap on various policy areas where members states are generally unwilling to cede full authority to the EU. Monopolies and mergers is a particularly contentious issue because of economic coercion through malicious foreign investment which is very much a national security issue for most countries and therefore falls into that policy area that member states will not cede to Brussels.I'm pretty sure CMA can't unilaterally overrule on M&A cases like this since that undermines the jurisdiction of the EU commission.
No, it didn't, it had far less and far less than many other territories. The UK has been fairly pedestrian in reviewing and updating it's monopolies legislation, until the changes that came in today (1 May 2023), the Competition Act 1998 has large been unchanged for 25 years, and a lot has changed in that time.I am almost certain that the CMA did not have as much power then as it does now when leaving the single market ...
As a Brit, I enjoy a good choice of electricity suppliers, water providers, gas providers, mobile and fixed telecom providers and cable/internet service providers and the reason there is competition in all these essential utility spaces is because of competition law breaking down what were once big massive organisations that had a vicelike grip on industries giving consumers almost no choice.