The Competition Commission (CC) and the Office of Fair Trading could merge into a single body.
According to the BBC, the Government is set to take another look at plans developed by the previous Labour administration to merge the two offices.
The possible merge - which could come into effect next year, comes as the department for Business, Innovation and Skills reviews UK competition law.
Vince warns immigration cap damaging to UK plc
The UK's interim cap on immigration from outside the EU is damaging to British business, Lib Dem Business Secretary Vince Cable has said.
Cable said some companies were considering moving jobs abroad because they could not recruit the staff they needed, writes the BBC.
He told the Financial Times he backs plans for a permanent cap from next April but wants it to be more flexible.
The Home Office said the temporary cap, introduced in July, still allowed the brightest and best to enter the UK.
It was announced that Home Secretary Theresa May would limit the number of non-EU workers allowed into the UK to 24,100 - down around 5% - between now and April 2011.
Recovery hopes falter as retail sales disappoint
Britain's recovery hopes have suffered a sharp setback after surprisingly weak retail sales figures provided damning evidence that consumers are tightening their belts ahead of the Government's austerity measures.
A collapse in high street sales for August and stark warnings from some of the nation's leading retailers sparked fresh talk of a double-dip recession, reports the Telegraph.
Retail sales volumes shrank 0.5% last month - against forecasts of 0.2% growth - on the back of fewer purchases of food, fuel, clothes and household goods, according to the Office for National Statistics (ONS). It was the first fall in sales since January.
US-China clash over yuan escalates, risking superpower stand-off
US Treasury Secretary Tim Geithner has issued his harshest attack to date on China's currency policy, the latest move in an escalating superpower clash across the gamut of commercial and strategic relations, writes the Telegraph.
"We are very concerned about the negative impact of (China's) policies on our economic interests," he told a Congressional hearing on Beijing's use of exchange intervention for trade advantage.
"The pace of appreciation has been too slow. The undervalued renminbi helps China's export sector. It encourages out-sourcing of production and jobs from the United States," writes the Telegraph.
By continuing a rigid exchange rate, China is impeding the adjustments needed to secure sustainable global growth, he said.
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