New UK Chief Must Balance Biz Needs with Brexit Goals

May's remarks were open-ended enough that they could be seen either as a boost for the country's antitrust watchdog to continue robust enforcement or as a sign of political interference to come in U.K. competition law, according to Cooley LLP's Becket McGrath.

"While in many ways this would represent a clear shift away from current government policy, there are interesting parallels with policies floated by the previous Liberal Democrat secretary of state for business in the coalition government, Vince Cable," McGrath said.

One reform May could have in mind is reintroducing a public interest test in the country's merger regime, according to McGrath.

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