The Competition Commission has said it may release a long awaited remedies report on the UK grocery market on Friday.

The report follows a two year investigation to create better competition in the grocery market which is worth £120 billion a year.

According to Reuters, a spokesman for the Commission said that the report may be published on Friday. Although the report was intended to be released on Thursday, the spokesman said it was not ready to be published.

While the spokesman said the report may come out on Friday, he did not rule out the possibility of it not being released until next week.

The report could have a significant effect on large supermarket chains like Tesco, Sainsbury's and Morrison's, who could be affected most by any changes introduced as a result of the report.

The Competition Commission has already indicated that it might create an ombudsman to judge on issues arising between the supermarkets and suppliers, and could also give advice on changes to planning laws.

In the provisional findings published on October 31, the Commission found there were features of the grocery market that prevented, restricted or distorted competition.

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