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MIL-OSI United Kingdom: Government unveils proposals to increase competition in UK digital economy

Source: UK Government New powers proposed for watchdog to suspend, block and reverse decisions by tech giants, and issue fines of up to 10% of turnover for serious breaches Watchdog to boost UK startup scene by creating level playing field Proposals have been set out for a new pro-competition regime for digital markets that will support the UK’s growing tech sector and protect consumers. The Digital Markets Unit (DMU) will be given the power to designate tech firms that hold substantial and entrenched market power with ‘Strategic Market Status’ (SMS). This will require them to follow new rules of acceptable behaviour with competitors and customers in a move that will benefit the public and drive growth and innovation across the economy.

Government unveils proposals to increase competition in UK digital economy | Department for Digital, Culture, Media and Sport

Government unveils proposals to increase competition in UK digital economy | Department for Digital, Culture, Media and Sport
wired-gov.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wired-gov.net Daily Mail and Mail on Sunday newspapers.

Research and development investment programme launches in UK

Research and development investment programme launches in UK
computerweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from computerweekly.com Daily Mail and Mail on Sunday newspapers.

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