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

The UK Business Secretary Jonathan Reynolds has directed the CMA to be 'less risk-averse' to promote growth.
Reynolds emphasized the importance of a 'more competitive business environment with less burdensome regulation.'
The CMA aims to implement a 'step change' in its operations in the coming months.
The CMA has taken steps to improve competition in various sectors, including supermarket loyalty schemes and petrol competition.

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Reuters

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

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.

10 days ago·United Kingdom

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Evening Standard

CMA pledges to speed up decisions to support Government growth push

The CMA is among regulators which have faced demands from the Government to help its ambitions to accelerate economic growth.

10 days ago·London, United Kingdom

Regulators may be cut down as government guns for growth

The business secretary tells journalists that some watchdogs could be axed over fears there is too much ineffective and cumbersome regulation holding back opportunities.

10 days ago·United Kingdom

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Bloomberg

UK Mulls Merging Financial Regulators to Ease Barriers to Growth

Business Secretary Jonathan Reynolds signaled that some of the UK’s financial regulators could be scrapped or merged as part of the Labour government’s drive to spur growth by cutting red tape.

10 days ago·United States

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