Clause 37 - Time-limits for investigations and reports
Enterprise Bill
5:15 pm
Dr Vincent Cable (Twickenham, Liberal Democrat)
Why did the Under-Secretary reject the European Union precedent? She said that the Department had considered and rejected it, but it is not entirely clear why. At first sight, cross-border merger and its implications in the European Union appear to present more complex problems and, in general, would mean dealing with larger mergers. It is not clear why that can be dealt with sooner. Many people would argue that the European Commission is not the world's most efficient institution. Why is it able to deal with such matters so much more quickly?