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The CMA blinks but - sorry Dignity - the internet genie is out of the bottle

By Chris Bailey | Thursday 13 August 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

You have probably already figured out that I am not a great biblical scholar, but reading the thoughts of the Competition and Markets Authority (CMA) on the funeral sector today reminded me of the words of Saint Augustine who recounted that he would pray – in his earlier days – “Lord, make me chaste—but not yet.” I do not want to come over as aggressively harsh so I will presage these thoughts with the observation that everyone impacted by the health consequences of the pandemic has my sympathy. However, the CMA has fudged its in-depth market investigation into funeral services in a major way – to the detriment of the average consumer – by citing the pandemic as a reason not to be fiddling with the sector at this moment in time…

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