Competition and Markets Authority Debate
Full Debate: Read Full DebateDepartment: Department for Business, Energy and Industrial Strategy
Lord Randall of Uxbridge
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Competition and Markets Authority
Lord Randall of Uxbridge Excerpts(4 years, 6 months ago)
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Lord Callanan
We are taking action on these matters. We asked the CMA to lead two critical pieces of work: to report on the state of competition, and to set up the digital markets taskforce. The CMA remains one of the world-leading competition authorities. If necessary, we will build on that.
Lord Randall of Uxbridge (Con) [V]
Following on from the Furman report, does my noble friend agree that government regulation around those digital platforms should be implemented as soon as possible? Can he give any indication when that might happen?
Lord Callanan
We accepted the recommendations of the Furman report in the Budget earlier this year. We are considering what further steps need to be taken.