On Tuesday, April 25th, the UK introduced the Digital Markets, Competition and Consumer Bill after experiencing significant delays. The bill will grant regulatory authority over major technology companies.
The UK’s newly passed legislation, similar to the EU’s Digital Markets Act, grants additional authority to the Competition and Markets Authority (CMA) to monitor the conduct and market dominance of major tech companies, as well as implement further consumer protection measures.
Read more: UK: Digital competition panel gets to work
“From abuse of power by tech giants to fake reviews, scams and rip-offs like being caught in a subscription trap – consumers deserve better,” Business and Trade Minister Kevin Hollinrake said in a statement.
He added, “The new laws we’re delivering today will empower the CMA to directly enforce consumer law, strengthen competition in digital markets and ensure that people across the country keep hold of their hard-earned cash.”
