So, Number 10 has forced out the head of the UK Competition and Markets Authority because we was too diligent in protecting competition.
Bad politics and worse policy:
Ministers have forced out the chair of the UK Competition and Markets Authority, as the government seeks to dial back regulation as part of Labour’s growth agenda.
The government confirmed the departure of Marcus Bokkerink as chair of the CMA on Tuesday evening, after the Financial Times reported that business secretary Jonathan Reynolds had intervened at the agency.
The Department for Business and Trade made clear to Bokkerink on Monday that it felt the regulator was not sufficiently focused on growth, according to one government figure.
Bokkerink, a former managing director at Boston Consulting Group, was appointed in 2022. CMA chairs can serve up to a five-year term.
The government has appointed Doug Gurr as new interim chair of the CMA.
Gurr ran Amazon’s UK business during the company’s tussle with the CMA over its minority investment in Deliveroo, which the regulator ultimately approved in 2020. He is currently director of the Natural History Museum in London.
Reynolds said in a statement that the government had a “plan for change” that would boost growth for businesses and communities across the UK.
“We want to see regulators including the CMA supercharging the economy with pro-business decisions that will drive prosperity and growth, putting more money in people’s pockets,” he added.
No it won't.
One need only look at Amazon, which has used its monopoly power to extract rents from small businesses and their customers..
They have appointed a fox to guard the hen house in the hope that they will get more eggs.
Not gonna happen.
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