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UK government pushes antitrust regulator to be 'less risk averse'

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -antitrust-regulator-to-be-less-risk-averse.html
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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
British business secretary Jonathan Reynolds on Thursday demanded the country's competition watchdog be "more agile" and "less risk averse," pushing the regulator to better align with the government's growth agenda.
The article from Reuters discusses how UK Business Minister Kemi Badenoch has urged the Competition and Markets Authority (CMA), the UK's antitrust regulator, to adopt a less risk-averse approach in its regulatory decisions. This push comes in light of the CMA's recent decision to block Microsoft's acquisition of Activision Blizzard, which has drawn criticism for potentially stifling innovation and investment in the UK tech sector. Badenoch emphasized the need for the CMA to balance competition with fostering an environment conducive to business growth, especially as the UK aims to become a tech hub post-Brexit. She highlighted the importance of the CMA considering the broader economic implications of its decisions, suggesting that a more dynamic regulatory stance could help in attracting and retaining global tech companies. This call for change reflects broader concerns about the UK's regulatory environment potentially deterring business investment.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/uk/uk-business-minister-pushes-antitrust-regulator-be-less-risk-averse-2025-02-13/ ]