Britain Pushes Tough Tech Rules Under New Digital Watchdog
TimeMAR 28 2022
This is a milestone for online market regulation and it's promising to see the UK empowering the watchdog to implement the new rules. It comes at a time when many countries, especially in Europe, are trying to figure out the best ways to control the potentially damaging influence of big tech on consumers and small businesses. The UK is leading the way with action.
The Digital Markets Unit is a nice idea but the UK government is implementing it all wrong. One of the argued benefits of Brexit is the ability to be more agile with regulatory implementation - so why, then, is the UK dragging its feet on this? Without the proper legislation, the watchdog will only be able to watch, lacking the power to reshape digital markets.