Growth advocate Reeves has established an Office for Value for Money, duplicating great work already done by the National Audit Office, a Covid corruption czar, an Office for Investment and much more.
It rightly wants to see the CMA speed up deal approvals and the regulator, under its new Amazon emigre chairman Douglas Gurr, is promising to accelerate its initial scrutiny from 65 days to 40 days.
But this week he cautioned that taking the brakes off regulation was among factors which contributed to light touch regulation behind the 2008 financial crisis.
Paradoxically, Paul Thwaite, the boss of NatWest, which was the UK's biggest loser in 2008, is asking for an easing of 'ring fencing', which requires British banks to separate vanilla consumer and commercial banking from other activities such as trading.
It would be terrific, given the pathetic response by Business Secretary Jonathan Reynolds, if the £3.6billion bid by Czech sphinx Daniel Kretinsky for the Royal Mail owner International Distributions Services (IDS) were to be probed.
