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Finance

Posted By Global Banking and Finance Review

Posted on January 22, 2025

UK's Reeves says antitrust chair stepped down over strategic difference

DAVOS, Switzerland (Reuters) - British finance minister Rachel Reeves said the chair of the country's antitrust regulator decided to step down after recognising that the agency needed to be headed up by someone who shared the government's "strategic direction".

"He recognised that this government has got a different strategic approach when it comes to regulation, and 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," Reeves said on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland.

(Reporting by Muvija M in London, writing by Sarah Young, Editing by Paul Sandle)

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