Latest news with #Competition&MarketsAuthority
The Herald Scotland
a day ago
- Business
- The Herald Scotland
Google may have to make changes to UK search engine, says watchdog
The tech giant is the first company being targeted by the regulator under a new set of digital market laws. Google accounts for more than 90% of searches in the UK, while it is also used by more than 200,000 UK businesses to reach customers. CMA takes first steps to improve competition in search services in the UK. We've proposed to designate Google with strategic market status under the new Digital Markets Competition — Competition & Markets Authority (@CMAgovUK) June 24, 2025 The CMA, which launched its investigation into Google in January, said it is minded to give the tech firm 'strategic market status', which would require it to abide by a number of rules over its conduct. It could be forced to introduce new 'fair ranking' measures for its search results as well as giving further support to publishers on its platform, as a result. A final decision is set to be made by October following a consultation process. Google has been contacted for comment. Sarah Cardell, chief executive of the CMA, said: 'Google search has delivered tremendous benefits – but our investigation so far suggests there are ways to make these markets more open, competitive and innovative. 'Today marks an important milestone in our implementation of the new Digital Markets Competition Regime in the UK. 'Alongside our proposed designation of Google's search activities, we have set out a roadmap of possible future action to improve outcomes for people and businesses in the UK. 'These targeted and proportionate actions would give UK businesses and consumers more choice and control over how they interact with Google's search services – as well as unlocking greater opportunities for innovation across the UK tech sector and broader economy.'
Bloomberg
30-01-2025
- Business
- Bloomberg
Protecting Consumers Is Not Anti-Growth
The forces protecting consumers from abuse by big business are in retreat. Former Italian Premier Mario Draghi last year called for reform of merger control in Europe to boost the region's global competitiveness. Firebrand consumer champion Lina Khan has, as expected, left the US Federal Trade Commission antitrust authority. And last week came a real shocker: The UK government ousted the chair of its Competition & Markets Authority merger watchdog. A problematic narrative is emerging that antitrust regulation needs a philosophical overhaul, and that its primary aim of protecting competition should give way to a more nuanced approach advancing multiple economic goals.
