: Britain is ready to abandon plans to give statutory powers to a new technology regulator, dealing a blow to global efforts to rein in the dominance of internet companies, including both Google and Facebook, the Financial Times reported https://on.ft.com/ 39yW8DG on Tuesday.
The FT reported that the government’s new legislative program is not expected to include a bill to provide a legal basis for the digital markets unit based in the Competition and Markets Authority (FMA) CMA), citing people briefed on the situation.
The CMA and the Bureau of Digital, Culture, Media and Sport did not immediately respond to Reuters’ request for comment.
In 2020, the UK announced plans to create a digital marketplace unit that would impose a new competition mechanism to prevent Google and Facebook from using their dominance to push smaller and detrimental to consumers. (https://reut.rs/3vYunfo)
The Queen’s Speech, scheduled for May 10, will outline the government’s legislative agenda for next year, which is not expected to include a bill that gives the unit powers under the law. determined, the FT reported.
The CMA has called for tougher rules to test the dominance of tech giants in 2020, a year after it began probing the influence of US platforms and how they collect and use use of personal data as well as the interests of consumers. (https://reut.rs/3LG8xDQ)
In 2019, Google and Facebook accounted for almost 80% of the UK’s approximately £14 billion ($17.5 billion) total spend on digital advertising, thanks to a large user base and database and their deep pockets, the CMA said.
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