Government ousts UK competition watchdog chair

Business LIFESTYLE


The CMA’s chief executive Sarah Cardell and other regulators met with Chancellor Rachel Reeves last week to deliver their ideas on how to stimulate growth.

It is understood that the submission from the CMA was thought to be underwhelming.

At the time, Reeves said she wanted regulators to “tear down” red tape.

“Every regulator, no matter what sector, has a part to play by tearing down the regulatory barriers that hold back growth.

“I want to see this mission woven into the very fabric of our regulators through a cultural shift from excessively focusing on risk to helping drive growth,” she said.





Last year, Prime Minister Sir Keir Starmer told a gathering of investors: “We will make sure that every regulator in this country – especially our economic and competition regulators – takes growth as seriously as this room does.”

Commenting on the change of chair, Ms Cardell said: “The CMA has a critical role to play supporting the government’s growth mission.”

She thanked Mr Bokkerink for “his leadership and support over the last two years”, adding that she “welcomed” Dr Gurr’s appointment.

https://www.bbc.com/news/articles/c2d3e6zklxgo,

GO TO SAUBIO DIGITAL FOR MORE ANSWERS AND INFORMATION ON ANY TOPIC

As an Amazon Associate I earn from qualifying purchases.



Loading

Leave a Reply

Your email address will not be published. Required fields are marked *