Source · Select Committees · Business and Trade Committee
Recommendation 30
30
Accepted
Legislation is required if the Digital Markets Unit is to have the enforcement and other...
Recommendation
Legislation is required if the Digital Markets Unit is to have the enforcement and other powers it needs to fulfil its role. We welcome the announcement in the Queen’s Speech that a Draft Digital Markets, Competition and Consumer Bill will be introduced, which will allow opportunities for scrutiny and improvement before a full bill is introduced. However, no Draft Bill has yet been published, and the prospects of legislation reaching the statute book during this Session now look very remote. We draw the Government’s attention to the risks of delay in legislating, and we urge it to publish the Draft Bill before the end of November 2022. (Paragraph 206) 52 Post-pandemic economic growth: state aid and post-Brexit competition policy
Government Response Summary
The Government believes the CMA has the funding it needs, and intends to provide powers for a levy on Strategic Market Status designated firms that partially recoups the cost of DMU activity in the Digital Markets, Competition and Consumer Bill.
Government Response
Accepted
HM Government
Accepted
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.