UK ousted antitrust chair over lack of focus on growth, Reeves says

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UK ousted antitrust chair over lack of focus on growth, Reeves says

//business-finance.news-articles.net/content/202 .. ir-over-lack-of-focus-on-growth-reeves-says.html

Published in Business and Finance on Wednesday, January 22nd 2025 at 3:40 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Britain forced out the chair of its antitrust regulator because he was not focused enough on the government's drive to boost economic growth, finance minister Rachel Reeves said on Wednesday. Marcus Bokkerink was replaced late on Tuesday by the former Amazon executive Doug Carr on an interim basis,

- Click to Lock Slider

Rachel Reeves, the UK's finance minister, has stated that the government removed the chair of the Competition and Markets Authority (CMA), Marcus Bokkerink, due to his perceived lack of focus on economic growth. This decision reflects the Labour government's new economic strategy, which emphasizes growth alongside competition. Reeves highlighted that while competition is crucial, the CMA's role should also support economic expansion, aligning with the government's broader economic goals. This move has sparked discussions about the balance between regulatory oversight and fostering a business-friendly environment in the UK.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/money/economy/uk-ousted-antitrust-chair-over-lack-of-focus-on-growth-reeves-says/ar-AA1xDRjW ]