On 20 July 2021, the UK government announced a consultation, titled “A new pro-competition regime for digital markets” (the Consultation), which proposes a number of radical changes that would introduce a new regulatory regime applying to the largest digital platforms operating in the UK.

The proposals include formally establishing a Digital Markets Unit (DMU) within the Competition and Markets Authority, and the introduction of a new regime by which the DMU would designate digital firms with strong and entrenched market power as holding strategic market status.

Read our latest client alert to find out more.