Written Question·Department for Business and Trade·UIN 88322

Competition and Markets Authority and Financial Reporting Council: Finance

Tabled: 5 November 2025

Answered: 17 November 2025

Question

Neil O'Brien

Conservative — Harborough, Oadby and Wigston

To ask the Secretary of State for Business and Trade, what the annual budget was for the (a) Competition and Markets Authority and (b) Financial Reporting Council in each year since 2005.

Answer

Kate Dearden

Since 2005, the remits of the Competition and Markets Authority (CMA), which became operational on 1 April 2014, and the Financial Reporting Council (FRC) have expanded in scope to undertake additional functions at the request of government. The CMA's res...

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