UK replaces competition watchdogs chair with ex-Amazon boss after anti-growth criticism

▤ Summary

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 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. I welcome the appointment of Doug Gurr as the CMAs 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 peoples pockets," U.K. Business and Trade Minister Jonathan Reynolds said in a statement. "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 Forums annual meeting in Davos, Switzerland.

▦ Linked Companies

Amazon

$1B+