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UK government prepares to rein in Big Tech

Written on May 13, 2022

Large tech companies such as Google and Facebook will have to abide by new competition rules in the UK or risk facing huge fines, the government said. 

The new Digital Markets Unit (DMU) will be given powers to clamp down on "predatory practices" of some firms. The regulator will also have the power to fine companies up to 10% of their global turnover if they fail to comply. Besides boosting competition among tech firms, the rules also aim to give users more control over their data. 

The Department for Digital, Culture, Media and Sport (DCMS) said as well as large fines, tech firms could be handed additional penalties of 5% of daily global turnover for each day an offense continues. 

For companies like Apple that could be tens of billions of U.S. dollars. 

"Senior managers will face civil penalties if their firms fail to engage properly with requests for information," the UK government said. 

As of yet, there is no set deadline for the legislation to be introduced.