Marcus Bokkerink has resigned as chair of the Competition and Markets Authority following government pressure, coinciding with Labour ministers' focus on promoting business growth at the World Economic Forum in Davos. His departure signals a shift towards fostering a pro-business environment as ministers engage with global leaders and review regulations limiting investment. The government aims to alleviate burdens on businesses, evidenced by upcoming plans discussed with 17 regulators, emphasizing a commitment to economic stability and encouraging new investments in the UK.
The Labour government has been heaping pressure on UK watchdogs to do more to support the economy, amid accusations that their work has been a barrier to inward investment.
Bokkerink's departure is meant to send a pro-growth signal to businesses, as Reeves and Reynolds attend Davos to meet global business leaders.
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