Private Actions in Competition Law: The UK Government announces “opt-out” class actions for private competition damages claims


On 20 March 2013, George Osborne delivered his Budget to Parliament. The Government announced  that in summer 2013 it will proceed with several of the competition reforms outlined in its recent response to the Department for Business Innovation & Skills’ consultation on options for reform of private damages in competition law.  This note highlights the key conclusions reached by the Government, which will introduce some fundamental changes to the UK private enforcement regime.