The British Prime Minister attacked the CMA and communicated via direct message on Linkedin about issues that have arisen regarding the purchasing situation between Microsoft and Activision and The CMA’s continued brazenness does more than just block purchases otherwise take the restrictions to the next level. Rishi Sunak, the British Prime Minister, wanted to send a direct message to the CMA with this statement and in the process announced that major changes would be made.
The purpose of sending this message publicly is announced that the government would carry out reforms to all regulatory bodies in the country in several phases, which means that these reforms lead to the creation of jobs and businesses and not the other way around, as happened with the case of the purchase of Activision Blizzard. It remains unclear when these reforms will begin or their immediate impact on purchasing agreements.
The British Prime Minister attacked the CMA and announced immediate reforms to the regulatory body to encourage business and employment
“I want to make it easier for British businesses to prosper.
Therefore we need a regulatory system in the UK that is not a barrier. This should enable companies to do what they do best: create jobs and grow the economy.
We have announced the Edinburgh reforms, a series of reforms to increase growth and competitiveness in the financial services sector.
It’s no secret that the CMA has continued over the years to be very tough on most companies always provide obstacles and obstacles in the buying, selling and other processes. The world’s big technology companies have seen after the results of the purchase decisions of Activision and Microsoft, that CMA is not open to large investments and opportunities.
New CMA order prevents Microsoft and Activision from investing in each other in the UK
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In addition, the Framework for Better Regulation (MMRO) will be improved, regulators will prioritize economic performance and growth which can lead to domestic business agreements, in addition to encouraging a culture of competition in productivity. Furthermore, at the end of his message, the prime minister had a message for the CMA:
We will encourage innovation, investment and growth by announcing two strategic policy statements to guide our regulators. This week we published the first of three statements for the consultation on energy policy. Below is our strategic guide to the Competition and Markets Authority (CMA).
It appears the British government is taking action following possible pressure from the energy and digital sectors, which led to the UK Prime Minister attacking the CMA and announcing new measures to be implemented to simplify the current regulations.
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