Competition & Markets Authority
CMA welcomes Furman Review recommendations
The Competition and Markets Authority (CMA) has welcomed the report submitted today by the Digital Competition Expert Panel to the government.
Led by Harvard Professor Jason Furman, the panel was tasked with examining competition in digital markets by Chancellor Phillip Hammond.
The CMA has considerable experience of applying competition and consumer law in digital markets. The recent launch of the CMA’s Data, Technology and Analytics unit has increased its understanding of how firms use data and algorithms and what implications this might have for consumers and competition – an area of focus for the panel’s recommendations.
A number of recent merger investigations in the technology sector have also seen the CMA closely scrutinise the potential impacts on innovation and competition in digital markets.
Andrea Coscelli, CMA Chief Executive, said:
The digital revolution has brought positive change to people across the UK, such as improved innovation and increased choice, but also new forms of consumer detriment. The CMA is at the forefront of tackling these issues.
Technology is transforming the economy and creating new challenges which require a response. The expert panel’s report provides invaluable insight into these challenges and how they might be addressed by updating the UK competition framework.
Many of the proposed reforms to the competition regime announced last month by CMA Chairman Lord Tyrie are supported by the panel’s recommendations. The CMA now stands ready to assist the government as it considers the recommendations further and formulates its response.
The CMA has also been considering whether to undertake work in the digital advertising market, as recommended today by the panel’s report. However, its ability to launch new projects is heavily dependent on the outcome of EU Exit negotiations.
Latest News from
Competition & Markets Authority
CMA expects Facebook and eBay to tackle sale of fake reviews21/06/2019 14:20:00
The CMA has urged Facebook and eBay to act to stop the sale of fake reviews through their sites.
New powers to fine firms that exploit consumer loyalty19/06/2019 12:12:00
Tough new powers for competition watchdog to fine businesses directly who have broken consumer law.
Illumina’s takeover of PacBio raises competition concerns19/06/2019 09:20:00
Illumina’s proposed takeover of PacBio raises competition concerns in the supply of specialist DNA sequencing systems in the UK, a CMA investigation has found.
Suppliers of antidepressants accused of illegal anti-competitive conduct18/06/2019 16:10:00
The CMA has provisionally found that 4 pharmaceutical companies broke competition law in relation to the supply of an anti-depressant drug.
CMA to research Scottish legal services market18/06/2019 09:20:00
The CMA will undertake research into certain aspects of the Scottish legal services market to support the Scottish Government’s response to the Roberton Review.
4 Berkshire estate agents accused of illegally fixing fees13/06/2019 17:07:00
The CMA has today announced its provisional finding that 4 Berkshire estate agents have broken competition law.
CMA clears PayPal / iZettle deal13/06/2019 09:20:00
The CMA has cleared PayPal’s completed takeover of rival mobile payments company iZettle after an in-depth, Phase 2, investigation.
CMA launches consumer law investigation into leasehold market12/06/2019 12:20:00
The Competition and Markets Authority (CMA) yesterday formally launched an investigation to find out whether people are being treated fairly when buying their home.