Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what steps his Department is taking to help tackle monopolistic practices in the technology sector.

On 1 January 2025 the Government implemented the Digital Markets, Competition and Consumers Act 2024. The Competition and Markets Authority now has new bespoke tools to address the market power of a small number of the largest technology firms and increase competition in digital markets. This will create opportunities for new entrants, allow existing firms to grow, encourage continued investment and innovation and lead to better outcomes for consumers.