The Bill will give powers to the Competition and Markets Authority (CMA) to regulate large tech companies deemed to hold substantial and entrenched market power.
The Second Reading debate gives MPs the opportunity to broadly exchange views on the principles of the Bill. Ahead of this, we have written to MPs highlighting why the Bill is significant for the specialist media industry. The PPA has stressed that the legislation is important to address uncompetitive practices of big tech companies which create barriers to digital advertising revenue for publishers.
Sajeeda Merali, CEO, PPA commented: “This Bill presents the Government with a golden opportunity to promote competition in the digital economy. The new powers it will grant to the CMA will combat the restrictive practices of big tech, which hamper our sector’s growth and innovation. The PPA supports this legislation on behalf of our members and will be following its journey through parliament to ensure it is not watered down”.
The PPA will monitor the debate and provide a further update for members on the key issues raised. If you have any questions, please contact Eilidh.wilson@ppa.co.uk
You can read the bill here.