Digital Markets Unit
The question
To ask the Secretary of State for Business and Trade, what steps his Department is taking to ensure that the Digital Markets Unit can make effective market interventions.
Answered by Justin Madders
On 1 January the pro-competition regime for digital markets entered into force. The Competition and Markets Authority (CMA) will operate the regime, as the UK’s principal independent competition regulator.
The Government has designed and implemented the regime, which provides the CMA with powers to make effective interventions. These include powers to investigate and to impose remedies that are specifically designed for the markets and firms involved, as well as requirements to carry out in-depth investigations and consult relevant stakeholders before intervening. This tailored, participative and evidence-based approach will ensure that interventions are proportionate and effective.
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