- Digital Markets Unit begins work marking major milestone for online market reform
- Digital Sec asks it to look at relationships between platforms and content providers
- Move aims to spur development of digital services and lower prices for consumers
The Digital Markets Unit (DMU), based in the Competition and Markets Authority (CMA), will oversee plans to give consumers more choice and control over their data, promote online competition and crack down on unfair practices which can often leave businesses and consumers with less choice and more expensive goods and services.
Online platforms bring huge benefits for businesses and society. They make work easier and quicker and help people stay in touch. But there is a consensus that the concentration of power among a small number of firms is curtailing growth and having negative impacts on consumers and businesses which rely on them.
In November 2020 the government announced a new unit would be set up to enforce a new pro-competition regime to cover platforms with considerable market power – known as strategic market…