Andrew Tyrie to chair UK Competition and Markets Authority

Remigio Civitarese
Aprile 11, 2018

Former Treasury Select Committee (TSC) chair Andrew Tyrie is set to be named as the next chair of the Competitions and Markets Authority.

Former Conservative MP Tyrie will take the reins at the UK's main competition watchdog that has overseen reviews into everything from the Sky/Fox deal, to the Tesco/Booker merger, and investigations into hotel booking sites and gambling firms.

Among the tie-ups being probed are 21st Century Fox's bid for broadcaster Sky, Trinity Mirror's takeover of the Daily Express and other Northern & Shell brands, and the Co-operative Group's swoop for convenience store chain Nisa.

"Making markets work for the benefit of millions of people is what the CMA is all about".

Tyrie gained a reputation for grilling senior figures from the business and political spheres during his time on the Treasury Select Committee, often upsetting members of his own party for robust challenges to government policy.

"In the years ahead, competition can and should be put even closer to the centre of British economic life, reaching to every sector, rooting out monopoly and unfair trading practices, and enhancing Britain's global competitiveness into the bargain", Tyrie said in a statement.

Tyrie is expected to replace David Currie who is leaving one year early in order to allow his successor to prepare for Brexit.

He sat as chairman of both the Parliamentary Commission on banking standards and the Liaison Committee. He was the chairman of the Treasury Select Committee from 2010 to 2017.

Greg Clark, the United Kingdom business secretary, announced the nomination of Tyrie as chairman of the Competition and Markets Authority in a statement on Wednesday.

The CMA's inaugural chairman, David Currie, will step down once the new appointment has been confirmed at a hearing by the Business, Energy and Industrial Strategy Select Committee.

CMA chief executive Andrea Coscelli said: "I look forward to welcoming and working with Andrew Tyrie as the CMA prepares for its increased role after the United Kingdom exits the EU".

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