Wednesday, April 07, 2021

Digital Markets

The government has launched a new Digital Markets Unit today, boosting online competition and giving consumers greater choice and control over their data.

  • As millions of us increasingly rely on online platforms to work, shop and stay in touch with loved ones, we are determined to crack down on the unfair practices which leave businesses and consumers with less choice and more expensive goods and services. 
  • The new Digital Markets Unit will help foster a new pro-competition regime and break up the concentration of power among a small number of businesses which raise concerns about monopolistic behaviour; and will begin by rebalancing the relationship between online platforms and content providers such as news publishers.
  • The UK has a world leading reputation as a global tech hub, and by ensuring the system is fair, we can help unleash the talents and innovation of our smaller business while giving businesses and consumers greater choice and more security.

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