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Digital Markets Bill - Second Reading (Entire Bill)

17 May 2023

Lead MP

Kevin Hollinrake

Debate Type

Bill Debate

Tags

EconomyBusiness & Trade
Other Contributors: 28

At a Glance

Kevin Hollinrake raised concerns about digital markets bill - second reading (entire bill) in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Opened the debate
The Digital Markets Bill aims to update the UK's competition framework for digital markets, ensuring fair play for all businesses in these rapidly evolving sectors. The Bill seeks to tackle excessive market power and promote greater competition, which is expected to benefit consumers by reducing prices and increasing choice. It establishes a new regime overseen by the Competition and Markets Authority’s Digital Markets Unit (DMU), designed to prevent dominant firms from engaging in unfair practices such as self-preferencing and exclusivity requirements. The Bill also introduces measures aimed at protecting consumer interests, including civil penalties for common breaches of consumer protection laws and new rights to subscription reminders and easier cancellations. Overall, the legislation aims to support economic growth by fostering a competitive digital environment that benefits both businesses and consumers.

Government Response

EconomyBusiness & Trade
Government Response
Responds positively to concerns raised by MPs, highlighting the importance of ensuring the DMU has the necessary powers and expertise. Acknowledges the need for checks on regulatory burden and ongoing scrutiny to ensure that competition remains a priority.
Assessment & feedback
Summary accuracy

About House of Commons Debates

House of Commons debates take place in the main chamber of the House of Commons. These debates cover a wide range of topics including government policy, legislation, and current affairs. MPs from all parties can participate, question ministers, and hold the government accountable for its decisions.