In Ireland, if a large company abuses its position in the marketplace, the regulator still has to get a high court judge to punish that business and huge extra costs and delays to taxpayers. That changes today with the introduction of the Competition Act.
It means that if the consumer watchdog - the CCPC finds evidence of anti-competitive behaviour, it can act and punish wrongdoing directly. This matters in Ireland because we’re home to some of the biggest firms in the world.
Brian McHugh is the Chair of the CCPC joined Joe on the show this morning.