Full steam ahead for the UK Digital Markets Unit

UK politics has been in a parlous state. Today the UK’s Chancellor of the Exchequer attempted to stabilize the country’s finances by announcing some eye-watering tax rises and spending cuts in the Autumn Statement. However, of more relevance to readers of this blog, he also made a significant announcement about the legislation required to implement … Continue reading Full steam ahead for the UK Digital Markets Unit

Why it is now clear that the Australian ex ante regime will be much closer to the proposed UK regime than the EU Digital Markets Act

On 11 November 2022, the Australian Competition and Consumer Commission (“ACCC”) released the fifth interim report for the Digital Platform Services inquiry (the “Interim Report”). This report recommends a range of new measures to address harms from digital platforms to Australian consumers, small businesses and competition. The diagnostic of the ACCC is not different from … Continue reading Why it is now clear that the Australian ex ante regime will be much closer to the proposed UK regime than the EU Digital Markets Act

Big Tech’s financial services activities – and their forthcoming regulatory attention

Apple, Google and Amazon (and to a lesser extent, Meta) have been tentatively expanding into the financial services sector for years now. It has been very interesting to watch their strategies and it seems things are hotting up. Damien and I wrote an article on this topic, which was published in the European Competition Journal … Continue reading Big Tech’s financial services activities – and their forthcoming regulatory attention

The UK’s Digital Markets Unit: we’re not making any progress, but we promise we will “in due course”

In the UK’s slow journey towards its Digital Markets Unit (“DMU”) regime, the Government has published its formal response to last summer’s consultation document (the “Response Document”). We now know that the necessary legislation will not be included in the next session of Parliament, and therefore will not be enacted within the next year, but … Continue reading The UK’s Digital Markets Unit: we’re not making any progress, but we promise we will “in due course”

When Brexit means falling behind: The probable death of the DMU regime

Everything had started well with the excellent Furman report, which emphasized the need to adopt an ex ante regulatory regime that would apply to Big Tech firms in the UK. That report had indeed found that competition rules would not be sufficient to control these firms’ market power.  The UK had the lead and was … Continue reading When Brexit means falling behind: The probable death of the DMU regime

The Interim Report of the CMA’s Market Study on Mobile Ecosystems :  A Great Piece of Work

On 14 December 2021, the CMA published the Interim Report of its Market Study on Mobile Ecosystems. This is a massive (445 pages + annexes) piece of work, which is – as always with the CMA – extremely well done. The purpose of this Interim Report is for the CMA to share the content of … Continue reading The Interim Report of the CMA’s Market Study on Mobile Ecosystems :  A Great Piece of Work

The UK’s regulatory regime for Big Tech: will the Government dare to make it more effective?

The British Government’s consultation on the design of the new regulatory regime for Big Tech (the “Consultation”) closed on Friday.  We gave our initial thoughts on this legislation back in July.  This blog post picks out some of the other important issues. For the most part, the Government has followed the advice of the CMA’s … Continue reading The UK’s regulatory regime for Big Tech: will the Government dare to make it more effective?

Private damages in the new digital regulations – A fine balance to tread

A picture of “astonishing diversity and total underdevelopment”. Thus spoke a 2004 Report that surveyed competition damages actions across the EU at the time. It took ten years from there to adopt the Damages Directive, which finally ensured that anyone who suffered harm caused by a competition infringement can effectively claim full compensation and gave … Continue reading Private damages in the new digital regulations – A fine balance to tread

UK Digital Regulation: time to get into the detail

The UK government has published its White Paper on the new regulatory regime for firms with Strategic Market Status (SMS), which is very likely to capture firms such as Google, Apple, Facebook and Amazon. The new legislation is therefore now officially government policy. At first glance, it will be a sigh of relief for the … Continue reading UK Digital Regulation: time to get into the detail

The UK reform agenda

The former Chair of the Competition and Markets Authority (CMA), Lord Andrew Tyrie, has written a report setting out some suggestions to reform the competition regime.  This follows an FT opinion piece earlier this year, and his much-discussed letter to the Secretary of State in February 2019 advocating reforms to the competition regime. Lord Tyrie’s … Continue reading The UK reform agenda