Has CMA been put back in its box after Tyrie's exit? That's how it looks

Chairman’s departure poses question of whether regulator’s reform plan will be dropped

When Andrew Tyrie resigned a couple of weeks ago as chairman of the Competition and Markets Authority (CMA), he cited the “inherent limits” of the role, a curious phrase that suggested there was more to the tale than we were being told.

Sure enough, Sky News reported over the weekend that Tyrie apparently quit after a rebellion from the CMA’s upper ranks over his plans to reform the competition watchdog and seek greater powers to fine companies, ban directors and seek out rip-off corporate behaviour. His exit after only two years in post, it seems, was a coup orchestrated by insiders who reportedly didn’t fancy a role as a more muscular consumer champion.

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Source: theguardian
Has CMA been put back in its box after Tyrie's exit? That's how it looks