The Competition and Markets Authority (CMA) has published its 2024–2025 Annual Plan following consultation performed in 2023. This Annual Plan updates the CMA’s near-term Areas of Focus for the next 12 months, as the regulator takes on new responsibilities under the Digital Markets, Competition and Consumers Bill, expected to receive Royal Assent in April 2024, which aims to strengthen the CMA’s ability to foster competition, innovation, and growth in digital markets and to protect consumers. The CMA also welcomes the decision to place consumer protection law on a par with competition law through the new administrative enforcement model and notes that with the ability to issue tougher fines, this considerably strengthens its ability to protect consumers from commercial harm and deter non-compliant businesses. However, for the longer-term, the CMA considers that the fundamental forces that shape the external environment in which the economy operates, and that informed its strategy, have not materially changed, and have even accelerated. The Annual Plan accordingly makes only limited changes to its longer-term direction.