• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Tech

UK replaces competition watchdog’s chair with ex-Amazon boss after anti-growth criticism

by
January 22, 2025
in Tech
0
UK replaces competition watchdog’s chair with ex-Amazon boss after anti-growth criticism
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Doug Gurr, Amazon’s former U.K. head, has been appointed chair of the Competition and Markets Authority.

David M. Benett | Getty Images for Amazon

LONDON — The British competition regulator tapped a top former Amazon executive as its new chair after facing accusations from Prime Minister Keir Starmer of stifling growth.

The Competition and Markets Authority announced late Tuesday that Doug Gurr, who was previously country manager for Amazon U.K. and president of Amazon China, would serve as its interim chair replacing Marcus Bokkerink.

The move follows a meeting between CMA Chief Executive Sarah Cardell and other regulators with British Finance Minister Rachel Reeves to deliver ideas on how to stimulate growth. Regulators were told to “tear down the barriers hindering business and refocus their efforts on promoting growth.”

Cardell thanked Bokkerink for his leadership since taking the role of chair in 2022, telling CNBC Wednesday: “He has tirelessly championed consumers, competition and a level playing field for business, as well being steadfastly committed to openness and stakeholder engagement across the U.K.”

“The CMA has a critical role to play supporting the government’s growth mission. I welcome the appointment of Doug Gurr as the CMA’s new interim chair and look forward to working closely with him as we drive growth, opportunity and prosperity for the U.K.,” she added via emailed comments.

The government wants to see regulators like the CMA “supercharging the economy with pro-business decisions that will drive prosperity and growth, putting more money in people’s pockets,” U.K. Business and Trade Minister Jonathan Reynolds said in a statement.

Reeves said the decision to replace Bokkerink was taken because the CMA needed to be led by someone who shared the government’s “strategic direction.”

“He recognised it was time for him to move on and make way for somebody who does share the mission and the strategic direction that this government are taking,” she said, speaking at a Bloomberg event Wednesday at the World Economic Forum’s annual meeting in Davos, Switzerland.

Push to take growth ‘seriously’

Last year, Prime Minister Starmer told investors he wanted to make sure that “every regulator in this country — especially our economic and competition regulators — takes growth as seriously as this room does,” suggesting a dissatisfaction with the work of the CMA.

The U.K. has faced criticisms more broadly from technology executives and investors over a number of regulatory decisions, including an intervention into Microsoft’s takeover of video game publisher Activision Blizzard and its decision to force Meta’s Facebook to divest GIF database Giphy. 

“The announcement of the new Chair of the CMA cannot be pure coincidence, coming as it does at the same time as the UK Government is banging the drum for its growth agenda and calling regulators to account for their own policies on stimulating growth,” said Alex Haffner, a competition partner at Fladgate.

“Mr Gurr has been appointed on an interim basis suggesting this is not about succession planning and far more a reaction to current events. His background is also unashamedly commercial as opposed to the consulting one of his predecessor,” Haffner added.

Gurr’s appointment as the CMA’s chair comes after the regulator received new powers to regulate large technology firms under the new Digital Markets, Competition and Consumers Act (DMCC), which seeks to prevent anti-competitive behavior in digital markets.

It can designate large companies that have a significant amount of market power in a certain digital activity as having “Strategic Market Status.” The CMA now has the power to impose changes to prevent potential anti-competitive behavior from any firm that is given Strategic Market Status.

Tags: antigrowthApple IncBossBreaking News: Technologybusiness newsChaircompetitioncriticismexAmazonMeta Platforms IncMicrosoft CorpPoliticsreplacesTechnologywatchdogs
Previous Post

11 Bitcoin Added: El Salvador Ignores IMF, Bolsters Crypto Holdings

Next Post

Netflix shares soar as company reports surging revenue, tops 300 million subscribers

Next Post
Netflix shares soar as company reports surging revenue, tops 300 million subscribers

Netflix shares soar as company reports surging revenue, tops 300 million subscribers

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

July 16, 2023
Working-age Americans are struggling to pay for health care, even those with insurance, report finds

Working-age Americans are struggling to pay for health care, even those with insurance, report finds

October 28, 2023
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
Powell asks inspector general to review .5 billion renovation after Trump blasts Fed project

Powell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project

July 14, 2025
Foreign short-sellers trigger stock crashes in India with critical reports, and profit from them, reveals report

Foreign short-sellers trigger stock crashes in India with critical reports, and profit from them, reveals report

July 14, 2025
Video: President Trump Says the U.S. Will Send Defense Systems to Ukraine

Video: President Trump Says the U.S. Will Send Defense Systems to Ukraine

July 14, 2025
The college degree ‘safety premium’ is almost gone—but mainly because so many non-grads have given up looking for work

The college degree ‘safety premium’ is almost gone—but mainly because so many non-grads have given up looking for work

July 14, 2025

Recent News

Powell asks inspector general to review .5 billion renovation after Trump blasts Fed project

Powell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project

July 14, 2025
Foreign short-sellers trigger stock crashes in India with critical reports, and profit from them, reveals report

Foreign short-sellers trigger stock crashes in India with critical reports, and profit from them, reveals report

July 14, 2025
Video: President Trump Says the U.S. Will Send Defense Systems to Ukraine

Video: President Trump Says the U.S. Will Send Defense Systems to Ukraine

July 14, 2025
The college degree ‘safety premium’ is almost gone—but mainly because so many non-grads have given up looking for work

The college degree ‘safety premium’ is almost gone—but mainly because so many non-grads have given up looking for work

July 14, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

Powell asks inspector general to review .5 billion renovation after Trump blasts Fed project

Powell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project

July 14, 2025
Foreign short-sellers trigger stock crashes in India with critical reports, and profit from them, reveals report

Foreign short-sellers trigger stock crashes in India with critical reports, and profit from them, reveals report

July 14, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.