John Pugh
Main Page: John Pugh (Liberal Democrat - Southport)(11 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text
Mr Davey
I am afraid that I am tempted to say that we are making amends for the failures of the last Government in this area. The hon. Gentleman talks about confusing tariffs, but the last Government took no action on them, and Ofgem—the regulator which, if I understand his question correctly, the hon. Gentleman wants to abolish—has put forward proposals to simplify and reduce the confusing number of tariffs, about which his party did nothing when in government.
John Pugh (Southport) (LD)
Energy markets, financial markets, grocery markets and the pub market have turned out to be flawed markets rather than free markets. What conclusion does the Secretary of State think we can safely draw? Is it time for a new Competition Act?
Mr Davey
I draw a conclusion that we need stiff competition powers. When I was the Minister with responsibility for competition, I looked at the competition framework, the institutions and the laws that we had inherited from the last Government, and I felt that they needed to be toughened and strengthened. I therefore hope that my hon. Friend will support the Enterprise and Regulatory Reform Bill, which this Government have put before the House to make those reforms to competition powers.