The promised Digital Markets Unit has been launched by the UK government, with a remit to prevent technology firms exploiting market dominance, and it has no real power until 2022.
As announced in late 2020, the UK government has now formed a Digital Markets Unit, which it describes as a tough new regulator to prevent Big Tech misusing market dominance. However, reportedly the DMU will require new legislation which is not expected to be introduced for at least a year. Today is a major milestone in the path to creating the world s most competitive online markets, with consumers, entrepreneurs and content publishers at their heart, said the UK Digital Secretary Oliver Dowden in a statement. The Digital Markets Unit has launched and I ve asked it to begin by looking at the relationships between platforms and content providers, and platforms and digital advertisers.
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DCMS pushes for Ofcom to become the regulator of ‘online environments’ Share
The UK government has published its initial white paper on its proposed ‘
Online Harms Bill’, putting forward new regulations that will make tech companies responsible for their online environments.
Presenting the white paper to Commons yesterday, UK Digital Secretary Oliver Dowden (DCMS) stated that “trust in tech is falling… that’s bad for the public, and it’s bad for the tech companies”.
Dowden remarked that the UK would develop ‘a world-leading regime to restore public trust and confidence’ in online companies, who will be placed under a ‘duty of care to their users overseen by media and broadcast regulator Ofcom.