Source · Select Committees · Business and Trade Committee
Recommendation 28
28
Acknowledged
Paragraph: 186
There are clear examples of market dominance in digital markets globally which have been well...
Recommendation
There are clear examples of market dominance in digital markets globally which have been well documented. We heard from witnesses, and during our visit to the US, strong evidence of abuses of market dominance which warrant intervention. We encourage the CMA to investigate these instances closely and collaborate internationally to promote further competition between digital firms. We also call on the CMA to continue with its market studies and for the Government to continue to ensure that the CMA is funded to carry out this work.
Government response summary AI-generated
The government acknowledges the role of the Digital Regulation Cooperation Forum (DRCF) and welcomes their work, including publications and engagement with stakeholders. They will continue to work with the DRCF and parliamentarians.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
186
Government Response
Acknowledged
HM Government · verbatim extract
Acknowledged
The Government believes the CMA has the funding it needs to carry out its functions. As we set out in our response to the consultation on digital competition published on 6 May 2022, we intend in the Digital Markets, Competition and Consumer Bill to provide powers for a levy on Strategic Market Status designated firms that partially recoups the cost of DMU activity.
Read the full response on Parliament ↗