The role of the Care Quality Commission will be “strengthened” and that of Monitor altered, the coalition government announced this morning.

The policy document said Monitor would “develop into an economic regulator that will oversee aspects of access, competition and price-setting in the NHS”.

The CQC retains its role but will be “strengthened so it becomes an effective quality inspectorate” the document added.

In a statement on Friday, Monitor chair Steve Bundred said: “Monitor is well equipped to take on this challenging new role, and we look forward to working with the new secretary of state to secure the success of his policies.”