UK government announces plans to shake up competition in Big Tech"This will require them to follow new rules of acceptable behaviour with competitors and customers in a move that will benefit the public and drive growth and innovation across the economy."
What you need to know
The UK has today unveiled new government proposals to curb the power of tech giants in the country whilst increasing competition.
A digital markets watchdog will be given the power to label big firms with a new Strategic Market Status if they have too much power.
They will then be forced to follow "rules of acceptable behavior" to increase competition.
The UK government has today unveiled proposals that could see companies like Apple slapped with a 'Strategic Market Status' and forced to follow new rules.
The government today set out proposals "for a new pro-competition regime for digital markets," stating the move would support the UK's growing tech sector and protect consumers.
Under the new proposals the Digital Markets Unit, an industry watchdog, will be given t...
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UK government announces plans to shake up competition in Big Tech
