The Chancellor’s Autumn Statement confirms that the Digital Markets, Competition and Consumer Bill will be brought forward this session:
“The government will bring forward the Digital Markets, Competition and Consumer Bill in the third Parliamentary session to provide the Competition and Markets Authority with new powers to promote and tackle anti-competitive practice in digital markets. Opening these markets to greater competition will encourage new challenger firms, spur innovation, and provide consumers with higher quality products and greater choice.”
By bypassing a draft bill phase, the Digital Markets Unit (DMU) will see extensions to its powers months earlier than anticipated. This is a positive statement of intent from the government to properly regulate Big Tech players.
Header image courtesy of Wikimedia Commons (licensed for free under the Wikimedia Commons free license).