Source · Select Committees · Business and Trade Committee
Recommendation 25
25
Acknowledged
Paragraph: 166
We acknowledge that the UK approach to digital markets regulation will be different to that...
Conclusion
We acknowledge that the UK approach to digital markets regulation will be different to that of the EU. However, we welcome EU efforts to increase competition and ensure a level playing field for all digital companies. We support updates to EU law that include designating gatekeepers, setting rules for firms, and sanctioning those companies which abuse their dominant position.
Government Response Summary
The government has committed to reform the CMA’s powers as a priority in the Digital Markets Competition and Consumer Bill. Government will keep the case for extending similar direct enforcement powers to sectoral regulators under review.
Paragraph Reference:
166
Government Response
Acknowledged
HM Government
Acknowledged
8 Post pandemic economic growth: State aid and post-Brexit competition policy: Government Response The Government has committed to reform the CMA’s powers as a priority in the Digital Markets Competition and Consumer Bill as that would mean bolstering protections for consumers right across the economy. Government will keep the case for extending similar direct enforcement powers to sectoral regulators under review. enforce consumer law, which will significantly raise the stakes for uncompliant businesses in the regulated sectors. Digital Markets