What are we going to do?
The UK Home Market Bill will also set out the governance arrangements for the Home Market Office (IMO), and will ensure that it operates independently of the UK government and devolved administrations. These provisions will be compatible with the CMAexisting activities of. They will involve a group of experts, who will form working groups to provide specific reports, such as annual ‘market health’ reviews or requested follow-up on intra-UK trade impacts of specific regulations.
How are we going to do it?
the IMO the chairman and members of the committee will be appointed by the secretary of state, following a fair and open appointment process and in full consultation with the decentralized administration which will be invited to consent to the appointments within a period of a month. The UK government will ensure that those appointed to the panel reflect a range of relevant expertise and come from across the UK.
How will the Internal Market Office support intergovernmental decision-making?
the IMO will exercise its functions equally vis-à-vis the 4 administrations and all 4 will benefit from the creation of the IMO and the provision of expert reports and technical monitoring, including on trends and developments in sectors and regions. All reports will be made available to all administrations on an equal footing.
If a scenario arose in which the economic impact of a particular regulation affected the internal market and required discussion between one or more administrations, IMO may be requested by an administration to provide a non-binding report on the regulatory measure in question, which will support the intergovernmental discussion. This economic impact assessment will ensure a technical and factual basis for the discussion.
Following an intergovernmental debate, the IMOThe reports of this report will be tabled in the British Parliament, the Scottish Parliament, the Welsh Parliament and the Assembly of Northern Ireland for consideration and possible debate.
the IMO provide independent, non-binding oversight and advice regarding the UK internal market. The 4 administrations and legislatures may request specific reports.
the IMO will be established within the Competition and Markets Authority (CMA), which has a global reputation for ensuring well-functioning markets for consumers, businesses and the economy. The expert group will be supported by an estimated staff of 30 officials, the chair of the committee will also be a CMA Crew member.
Panel members will serve up to 8 years.