To ask the Secretary of State for Digital, Culture, Media and Sport, when his Department plans to publish the full powers that will be awarded to the new Digital Markets Unit.
18 December 2020
Government recently announced it will establish a new, pro-competition regime for digital markets. As part of this, it will set up a new Digital Markets Unit (DMU), housed in the Competition and Markets Authority.
To inform the design and implementation of the new pro-competition regime, we established the Digital Markets Taskforce. On 8 December, the Taskforce published its advice to Government, including on the DMU’s powers, the process for designating firms with strategic market status, and the code of conduct which such firms must follow. Government is carefully considering the Taskforce’s advice.
We will consult on the form and function of the DMU in early 2021, and legislate to put it on a statutory footing as soon as parliamentary time allows.