New unit of the Competition and Markets Authority will be given powers to
prevent tech platforms from driving out smaller rivals, government says
The Competition and Markets Authority (CMA) is set to receive a dedicated
competition unit next year with promised sufficient power to prevent
Google and Facebook from abusing their market dominance by driving out
smaller rivals.
In March, the CMA was asked to lead a Digital Markets Taskforce to advise
the government on how a new pro-competition approach could be designed
for digital markets.
In its final report, published in July, the CMA outlined a number of
factors that undermine competition and entrench the market power of the
major tech companies. …
