The Competition Commission looks set to merge with the OFT as part of the government's cull of nearly 200 quangos.
The government will consult in the new year on whether to merge the CC with the competition functions of the OFT.
OFT CEO John Fingleton (pictured) welcomed the merger. "With the right design, a single competition and markets authority can deliver better, faster results for consumers and the economy, and greater consistency for businesses," he said.
The School Food Trust was one of 192 quangos to be scrapped. However it will continue as a community interest company and charity. "This means we will be able to work with everyone involved in children's food and drink," said chairman Rob Rees.
Other quangos axed include the Advisory Committees on Organic Standards, Packaging and Pesticides. The fate of the Agriculture and Horticulture Development Board is still to be decided.
The National Lottery Commission is to merge with the Gambling Commission.
OFT gives green light to Bernard Matthews-Lincs combo (7 October 2010)
Commission hits back at ‘Yes, Minister’ jibe (21 August 2010)