The UK is on the verge of abandoning plans by Apple and other big tech corporations employing a new festival authority, the Financial Times reports.
In a paid report, the Financial Times closes that the UK government’s new legislative agenda, which will be presented at the Queen’s Speech next week, will not come with an invoice to enforce the Digital Markets Unit (DMU). The government has announced plos angelesns to create the DMU in 2020, stating that it will give the framework the strength to create a code of conduct that Los Angelesrge tech corporations will have to comply with in the UK or face fines of up to 10% of annual turnover. The interim report published through the Autorité de los Angeles concurrence et des marchés (CMA) earlier this year was aimed at drawing the attention of the DMU, and was met with a competitive reaction from Apple.
While the DMU exists lately with approximately 60 members, it has no powers beyond the existing functions of the CMA. The DMU is running lately in a series of surveys, adding the terms of Apple’s App Store and Apple and Google’s “duopoly” in cellular ecosystems. .
Julian Knight, Conservative chairman of the House of Commons Select Committee on Digital, Culture, Media and Sport, said that if the law to empower the tech regulator is not included in the Queen’s speech, it would “damage the credibility of the company as a whole”. . . . It would be a severe blow to the UK’s ability in those sectors. “
The government’s resolve to withdraw from big tech regulation is believed to stem from The resolve to abandon corporate reforms and Prime Minister Boris Johnson’s resolve to move away from state intervention in the economy.
An official from the Financial Times’ Department of Digital, Culture, Media and Sport reported that powers to “change the behaviour of tougher tech companies and protect businesses and consumers” are still ongoing, but “could not comment on deadlines for possible long-term legislation.
Apple’s ecosystem is under scrutiny from governments around the world, adding the United States, Japan, South Korea, the European Union and more. and interoperability.
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