The UK Competition Regulator must be “less opponents to risk”, the minister will persuade
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The competition regulator in the UK must be “smaller opponents to risk”, business secretary Jonathan Reynolds will say on Thursday, while he was setting up the so -expected guard mandate after throwing out his chair last month.
Ministers want Competition and Market Administration In order to focus more on the growth and support of investment in the UK, while he still wants to prevent “true damage to consumers and companies based in the UK,” he said.
The Government will announce its draft “Strategic Steering” for CMA on Thursday, a document that has occasionally been published, which determines what ministers want the agency to give priority. Ministers are expected to ask the guard to be “more agile”.
CMA has been in government crossword puzzles in recent months. Prime Minister Sir Keir Starmer singled out the agency last year when he said that regulators should do more to support the Government’s growth mission. Frustration with the antitrust regulator led to suddenly ejecting your former chairMarcus Bokkerkink, last month, replaced by the chief of Amazon UK Doug Gurr.
Watchdog was a particular focus because the Labor tried to appeal to companies complaining that CMA was too interventionist in contracts.
“I want the regulator to focus on their efforts to the true damage to consumers and companies based in the UK, so they can promote confidence and distract abuse,” Reynolds said in his speech in Samsung’s headquarters in London.
CMA refused to comment.
