Competition and Markets Authority: Finance

Treasury written question – answered on 24th November 2022.

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Photo of Lucy Powell Lucy Powell Shadow Secretary of State for Digital, Culture, Media and Sport

To ask the Chancellor of the Exchequer, what the annual budget is of the Digital Markets Unit within the Competition and Markets Authority in each year since that unit was established; and what the planned budget is for the Digital Markets Unit in each financial year until 2024-5.

Photo of John Glen John Glen The Chief Secretary to the Treasury

The Digital Markets Unit (DMU) was established in April 2021 as part of the Competition and Markets Authority (CMA). The DMU is funded through the CMA’s regular budget setting process. In the Spending Review 2020, set up costs for the DMU were included in the CMA’s 2021-22 resource budget of £109.6m.

At Spending Review 2021, the CMA’s resource budget, which includes the DMU, was set at £112.5 million in 2022-23, £127.9m in 2023-24 and £130.5m in 2024-25.

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