CMA blocks MS /ABK merger (Update: UK gov smears the CMA)

[LurkerJ]

Update: UK governments respond to MS/ABK criticism? 

In a sneaky post by the British PM on LinkedIn, Sunak announced he's "cutting red tape" and this announcement includes the obvious right-wing buzz words like "de-regulations" and being "friendly to businesses" and targeting regulators. The statement in full can be read here (exclusively on a Microsoft-owned social platform, of all platforms). The following are some notable snippets:

• • 2. We’ll reform the Better Regulation Framework so that regulation is the last, not the first, response of government. This is game-changing in the way we approach British business as it ensures that regulation at the heart of government decisions is streamlined and forward-looking.    
  • 3. We’ll make sure regulators are laser-focused on prioritising economic growth by ensuring regulatory action is taken only when it’s needed. We expect all regulators to be working towards economic growth, so we’ll lead a consultation on refreshed guidance to help them achieve this. 
  • 5. We’ll encourage innovation, investment and growth by announcing two strategic policy statements to steer our regulators. This week we’ve published the first of three statements for consultation on energy policy. Next up is our strategic steer to the Competition and Markets Authority (CMA).
  • The reforms we are announcing this week represent an important change in approach and send a clear signal to regulators that our number one priority is growing the economy. 
    • https://www.linkedin.com/posts/rishi-sunak_i-want-to-make-it-as-easy-as-possible-for-activity-7062682164697423872-Xkuf/?utm_source=share&utm_medium=member_android

Commenting on the package of measures, Business and Trade Secretary, Kemi Badenoch said:

• • “I have listened to the concerns of business of all sizes and have made it a priority to tackle the red tape that holds back UK firms, reduces their competitiveness in global markets and hampers their growth. We are taking back control of our laws after Brexit, reducing and improving regulation and giving businesses the freedom to do what they do best – sell innovative products, create jobs and grow the economy.”
    • https://www.gov.uk/government/news/smarter-regulation-unveiled-to-cut-red-tape-and-grow-the-economy

However, Unite, the UK’s leading union slammed the announcement branded it a “boost for bad bosses”;

• • Unite general secretary Sharon Graham said: “The government so-called attack on red tape is nothing more than a boost for bad bosses and will pile more misery on workers. Removing the requirement for employers to record workers’ hours, means that the regulations effectively become unenforceable. Unscrupulous employers will use these emasculated regulations to exploit young or unorganised workers. Cutting red tape? More like a playbook for profiteering”

Last edited by LurkerJ - on 13 May 2023