Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, with reference to the market study by the Competition and Markets Authority on Online Platforms and Digital Advertising, published in July 2020, whether the Government plans to set up a Digital Markets Unit to (a) enforce a code of conduct to ensure that online platforms with a position of market power do not engage in exploitative or exclusionary practices or those likely to reduce trust and transparency and (b) impose fines if necessary.
Dynamic and competitive digital markets are key to creating a world-leading digital economy that works for businesses, consumers and society as a whole. The Government is grateful to the Competition and Markets Authority for their market study and is carefully considering their recommendations. A response will be published in due course. The Government has accepted, in principle, the six strategic recommendations from the Furman Review for unlocking competition in digital markets.