Reeves Says CMA Boss Replaced by Person ‘Who Shares the Mission’
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Chancellor of the Exchequer Rachel Reeves said the chair of Britain’s antitrust watchdog stepped down because he knew it was time to “make way for someone who does share the mission” of her Labour government to prioritize growth.
Speaking with Bloomberg in Davos, she said Marcus Bokkerink’s departure from the Competition and Markets Authority was an example of the government’s pitch to get the economy moving. Regulators need to regulate “not just for risk but for growth,” Reeves said. “This government has a different strategic approach — he recognized it was time to move on.”