UK launches new watchdog to promote online competition

Online platforms make it easier for people and businesses to stay in touch, but a small number of companies dominate the market which can lead to less choice and higher prices. In the UK today sees the launch of the Digital Markets Unit (DMU) intended to create a new pro-competition regime to cover platforms with considerable market power. The government announced plans for the new unit in November last year and it starts work today looking at how codes of conduct could work to govern the relationship between digital platforms and groups such as small businesses which rely on them… [Continue Reading]