Tech giants do not face enough competition - reducing consumer choice and innovation

15 March, 2019, 16:12 | Author: Regina Silva
  • UK Chancellor

The Chancellor said that he would examine the proposals carefully before responding later in 2019, outlining how the United Kingdom government will implement changes required to ensure consumer choice and competitive digital markets.

The biggest technology companies have become too dominant and government should create a new competition unit to help increase consumer choice, an independent review into the sector has said.

The review makes 20 specific recommendations for the government, including the creation of a new digital markets unit with expertise in technology, economics and behavioural science and the necessary legal powers.

United Kingdom chancellor Philip Hammond has requested that the Competition and Markets Authority (CMA) launch a review after an independent report he commissioned detailed how the UK's competition framework isn't fit for the economic challenges posed by digital markets, at home and internationally. The UK must remaining a welcoming place for digital business from around the world, and ensure that the UK competition and wider regulatory framework is not in conflict with the other leading digital economies with which we must compete.

A CMA investigation of the digital advertising market, now dominated by Facebook and Google.

The review also recommends changes to merger rules so that the Competition and Markets Authority (CMA) is better equipped to stop mergers that are considered likely to damage future competition or consumer choice.

Conor McGregor Stomps a Fan's Phone
Ahmed Abdirzak, the alleged victim, can be heard shouting, "Let me get my phone, man!" in the video. The MMA fighter was then arrested on robbery and criminal mischief charges.

Palestinian died after clashes with Israeli forces on Gaza border -Health Ministry
Mousa Mohammed Mousa, 23, was injured on March 1 in clashes along the border, ministry spokesman Ashraf al-Qudra said in a statement.

IS militants stage counter-attack from final stronghold
Jihadists "launched two counterattacks today - one in the morning and another in the afternoon", an SDF official told AFP. The official said jihadists were using suicide bombers but his force intercepted them before they reached their target.

Mr. Hammond made the comments during his Spring Statement to Parliament, Wednesday.

Google and Facebook are coming under increasing scrutiny from regulators, not just in the United Kingdom but also in the U.S. and in Europe.

The British report was released the same day that Swedish music-streaming service Spotify said it filed an antitrust complaint against Apple, accusing it of stifling competition through its control over the iPhone's operating system and app store. Google said it was to appeal the ruling.

"Its central conclusions that digital markets only work well if they are supported with strong pro-competition policies, corroborates a number of the findings of my committee's report into disinformation and "fake news" published in February", he said.

It follows similar recommendations for a study by House of Commons committees and Culture Secretary Jeremy Wright.

Double-digit growth will push digital advertising spend in the United Kingdom above £15bn in 2019, according to forecasts from Barclays. Facebook and Google are expected to hoover up the bulk of that spend.



Kylie Jenner Had Another Name In Mind for Stormi!
She could be collaborating with her sister Kylie Jenner on a Kylie Cosmetics make-up line in the near future. In fact, the youngster even greeted Kylie's Snapchat fans by saying "Hi" and "Bye". "I'm so proud of you".

FCA fines Carphone Warehouse £29 million
According to Retail Gazette , the FCA said the retailer "failed to properly investigate and fairly consider customer complaints ". But we're a very different business today; as the FCA acknowledges, we've made significant improvements since 2015.

Netflix cancels ‘One Day at a Time’
Will One Day at a Time be saved? Meanwhile, all 3 seasons of " One Day at a Time " are available to stream now on Netflix. Rounding out the familia were good friend/landlord Schneider ( Todd Grinnell ) and Penelope's boss Dr.

Vienna tops list of best cities
In second place was Zurich, followed in joint third place by Munich, Vancouver and Auckland, New Zealand. At the other end of the scale, Iraqi capital Baghdad was ranked at the bottom of the list.

Paul Scholes Has Left His Role As Oldham Athletic Manager
But Lemsagam said he was "surprised by the reasons" that the former Manchester United midfielder has given. Oldham were relegated from League One last season, and now sit in 14th place in the table.

Life ban on cricketer Sreesanth set aside by Supreme Court
He was responding to media after Supreme Court cancelled his life ban in the spot fixing case and asked BCCI to reconsider the punishment on Friday.

ROAD GAME - SEC Tournament: MSU Men's Basketball vs. Texas A&M
However, the Commodores lost their last two regular season games by a combined 57 points, and that makes them hard to rely on. Kennedy said he wish he knew but hasn't talked to any administrator yet. "It's an unfortunate situation, but I'm not sure".

Cyclone Idai To Hit Zimbabwe This Weekend - MSD
At least 66 people have been killed in Mozambique, 45 in Malawi and four in South Africa following torrential rains that have triggered flash floods .

Mercedes set for 'proper fight' with Ferrari
Wolff believes the 2019 season will be defined by a battle of who adapts and develops the best under the new regulations. "The team were in a little bit of disarray past year ", Mr.

George and the Thunder visit the Pacers
The fan gave an interview with Complex Sports, in which he defended himself and said there was nothing racist about what he said. Bojan Bogdanovic is averaging 17.8 points and 1.8 assists while Domantas Sabonis is averaging 14.1 points and 9.2 rebounds.