Clause 20 - Duty to make references in relation to completed mergers
Enterprise Bill
4:00 pm
Miss Melanie Johnson (Parliamentary Under-Secretary, Department of Trade and Industry; Welwyn Hatfield, Labour)
I have already undertaken to write to the hon. Member for Eastbourne about the areas in which guidance might be called for. We intend to share initial drafts with the Committee to help clarify what will remain for the OFT or Competition Commission to tackle. I acknowledge the hon. Gentleman's point, but I add another that relates to a later part of the Bill. We hope that the new administration procedures will encourage firms to come forward before they reach the brink of failure. Fewer firms will get to the brink.