I welcome the noble Baroness to her first Question Time and congratulate her on her smooth answers so far. The report to which she refers points out the advantages of a digital markets unit. But it also points out the difficulties in the overlap of responsibilities between it, the CMA and Ofcom, as well as the possibility of links across to the Information Commissioner’s Office. This is a sort of spaghetti of different titles and groups. Has she any answer to how that will pan out?
I cannot answer on the results of our discussion at this stage because they are ongoing. There are a number of options for how the digital markets unit could be taken forward, including whether it should be in an existing institution, such as Ofcom or the CMA, or located separately. We believe, however, that form and location should follow function. The follow-up work by Professor Furman, the noble Lord, Lord Tyrie, and the Government will address these issues.