Competition regulator needs teeth to curb big tech, MPs say

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Competition regulator needs teeth to curb big tech, MPs say
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They urge publication of a draft bill that could see firms fined 10% of turnover for market abuses.

Big tech firms should face tougher penalties for abusing their market power, a committee of MPs has said.

The CMA welcomed the report and told the BBC it would "carefully consider and respond to the committee's recommendations in due course". Darren Jones, who chairs the BEIS committee, said "The Competition, Consumer and Digital Markets Bill has wide support and should be prioritised, especially given the difficulty the government currently has at passing other laws which are more controversial.

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