The Chair of the Competition and Markets Authority (CMA), Marcus Bokkerink, has been ousted by UK government ministers who believed the organization was not focused enough on economic growth. This move comes as the chancellor and business secretary are attending the World Economic Forum to attract investment, signaling a commitment to growth. Doug Gurr, former Amazon UK head, will serve as interim chair. The CMA's recent merger evaluations, including Vodafone and Three Mobile, have come under scrutiny for their impact on competition and consumer welfare, essential to the CMA's role.
The chair of the UK's competition watchdog, Marcus Bokkerink, was ousted due to the government's dissatisfaction with the Competition and Markets Authority's focus on economic growth.
Government ministers are seeking to signal their commitment to economic growth while at the World Economic Forum, following the CMA's underwhelming performance on stimulating growth.
Doug Gurr, an Amazon UK veteran and current director of the Natural History Museum, will take over the CMA chair position on an interim basis.
The CMA's primary responsibility is to ensure effective competition for consumer benefit, as evidenced by the scrutiny of mergers like Vodafone and Three Mobile.
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