Veterinary Services: Small Businesses
The question
To ask the Secretary of State for Environment, Food and Rural Affairs, what recent assessment her Department has made of the (a) economic state and (b) financial viability of independent veterinary businesses.
Answered by Dame Angela Eagle
Defra has not done its own assessment of the economic state and financial viability of veterinary businesses., however, it welcomes the Competition and Markets Authority’s (CMA’s) market investigation into veterinary services for household pets. As part of their market investigation, the CMA carried out an economic assessment of the sector. The CMA released its provisional decision report on 15 October for the veterinary profession to respond. The CMA will review all responses before releasing its final report. Defra will formally respond to the CMA’s final report, and the items within it, when it is published in the Spring. Some of the CMA’s provisional recommendation will require reform of the Veterinary Surgeons Act 1966, on which Defra is currently consulting, and further assessments will be carried out as required.
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