Coalition ‘concerned’ over UK appointing ex-Amazon exec as antitrust regulator chair

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TechCrunch 11h ago

Coalition ‘concerned’ over UK appointing ex-Amazon exec as antitrust regulator chair - TechCrunch

Quick Summary:

A coalition of organizations and individuals have signed an open letter expressing concern at the U.K.government’s decision to appoint a former Amazon executive as chair of the Competition and Markets Authority (CMA).

Long-term, sustainable, and inclusive growth and innovation will not be achieved if the CMA is focused solely on the interests of the largest companies and is diverted from its core mandate to maintain and promote competitive markets.

Only then will Big Tech firms be compelled to have honest conversations with businesses and consumers about how to promote positive economic outcomes, rather than putting pressure on the regulator to water down the bold remedies required.