The CMA– an independent, non-ministerial department with unparalleled national expertise in investigating markets – chose not to recommend direct central government and regulatory intervention, instead favouring recommendations to promote a more effective market. Escalating financial and market pressures experienced since the CMA study have influenced calls for greater direct intervention by governments.
The CMA concluded that the largest private providers of placements are making materially higher profits, and charging materially higher prices than would be expected if the market were functioning effectively. Interventionists favour direct regulatory action by government to limit or cap prices and profits. We believe there are a range of actions that can be taken by commissioners and purchasers to facilitate a more competitive and responsive market.
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
