John Perry (Sligo-North Leitrim, Fine Gael)

A due diligence exercise is under way in the Competition Authority. Issues such as the cost of doing business and how the regulatory burden on companies can be reduced are being examined by a high level group. Reference was made earlier to a particular dominant company, on which I cannot comment. The issue raised in that regard has been the subject of debate for some time. The authority is empowered to act independently and is, by way of insertion of this amendment, being given powers to go to the High Court in respect of breach of agreements.

Following receipt of the report on how money is being spent, the Government will consider if additional resources are required. As the Taoiseach stated on the Order of Business, this is about encouraging companies to create wealth and jobs in the economy and about getting people back to work again. That is the best competition for any business. Many of us come from small towns and villages, the survival of which is important. We have a small market of 4.5 million people. It is important people get value for money and that there is not unfair practice in that market.

The Competition Authority has 39 staff and can, in respect of breaches of an agreement, take such matters to the High Court. This is a good start. Nothing was done in this area by the previous Administration.

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