British competition regulators reduce employee with budget errors

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The UK Competition and Markets Authority plans to reduce the number of employees by nearly 10% due to the budget error after the government dismissed the chairman.

According to sources familiar with this issue, the CEO of Sara Cardell said in a December meeting of the Town Hall that the CMA is starting to voluntarily leave about 100 employees due to excessive expenditures.

Cardell mentioned over -spending as a budget error, people said. The total number of CMAs is about 1,200, and this year's financial budget is 139 million.

At another town hall meeting on Monday, Cardell said that certain areas of institutions such as merger and new digital market departments will be protected from cuts.

The Watcher is trying to avoid forced reductions from voluntary resignation, one of the officials added.

The cut was made when regulators were discovered on the crucifixion of the Labor Party, and after the complaints of the regulatory agency were raised, the ministers of the CMA were expelled by the ministers this week.

According to the officials, the ministers wanted to send the government to the CMA and other independent regulators that the government wanted to prioritize growth.

Bokkerink's withdrawal has raised the monopoly lawyer and lobbyist that the CMA will now take a softer approach to Big Tech. Bokkerink has been replaced by the former Amazon UK representative Dug Gurr.

At a Thursday employee meeting, Cardell said that employees did not have to worry about Bokkerink's retirement, and they tried to reassure employees that the government had guaranteed trust in the agency.

While Bokkerink was in progress, some employees were in progress, but some employees are concerned that additional employees can be reduced due to the government's dissatisfaction with the institution.

According to the most recent information, the number of employees of monopoly regulators has increased significantly over the past eight years from about 600 in 2017 to 1,185 as of October 2024.

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The CMA has expanded its position in London with several hubs across the UK. Some of the growth depends on the authority of the new digital market system that came into force this month, and to create a digital market department in the institution to implement it.

Under the new system, the CMA will designate a number of big tech companies that have a big position in a specific digital market as a company with strategic market status and forcibly forced them to comply with certain behavior rules.

Google and Apple became the first company to be investigated to decide whether to take over this month.

The CMA said: this is a historical budget problem that is quickly and properly solved. The CMA is focusing entirely on the priority of next year, including cooperation with the government and the new temporary chairman to help growth.

The Treasury is aware of this historical problem and has worked with CMA last year to solve this problem, and added: Now, like all government departments, we are working on the second part of the spending review discussion.

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