LONDON (AP) — A review into competition in the United Kingdom (UK)’s digital market said the country needs tough new rules to help counter the dominance of big tech giants like Facebook, Google and Amazon.
The independent review published yesterday said global tech giants don’t face enough competition and that existing rules are outdated and need to be beefed up.
The British government commissioned the review, which was led by Harvard University professor Jason Fuhrman, a chief economic adviser to former United States (US) President Barack Obama.
The 150-page report adds to growing calls by leaders in the US and the European Union for stricter regulation of technology companies.
Recommendations include setting up a new “digital markets unit” to give people more control over their data and giving more power to regulators to tackle illegal anti-competitive practices.