The pro-competition reform in the Digital Markets, Competition, and Consumer bill (DMCC) empowers the UK's Competition and Markets Authority (CMA) against tech giants like Apple and Google, aiming to rectify dysfunctional markets they dominate.
Penalties under the DMCC could escalate to 10% of global annual turnover, providing significant enforcement capabilities. The bill streamlines processes by allowing the CMA to directly impose fines for consumer law breaches, reducing the need for court involvement.
Originally proposed in 2020, the DMCC, influenced by the 2019 market review chaired by Jason Furman, faced delays but resurfaced with additional consumer protection measures. Despite political uncertainties, the bill successfully passed through the parliamentary 'wash-up'.
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