Big Tech seeks to weaken Digital Markets, Competition & Consumers Bill

22/06/2023 | The Guardian

Big tech companies are attempting to diminish the authority of the UK's new tech regulator by using their vast resources, according to a warning given to Rishi Sunak. The Digital Markets, Competition and Consumers Bill, currently passing through parliament, will give the Competition and Markets Authority (CMA), through its Digital Markets Unit (DMU), new powers to set strict new rules on large online platforms such as Apple’s App Store, Amazon’s Marketplace and Google’s search engine. 

Under the new rules, the DMU will be able to impose fines of up to 10% of a company's global turnover or 5% of daily global turnover for each violation. The DMU's remit is to ensure that tech firms don't violate rules meant to protect consumers, including by increasing the amount of control they have over how their personal data is used and protecting smaller businesses from predatory practices.

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