There was up to 1999, the Monopolies and Mergers Commission; which was replaced by the Competition Commission; which was replaced by the Competition and Markets Authority; which will be replaced by...
To answer your question, these substitutions by the British Government serve exactly the same role as do Rebrandings in private companies: driven by Marketing and a loss of nerve into a whimpering acknowledgement of present utter uselessness and a feeble embrace of welcome death.
So, no.
Biting the hand that feeds IT
