RISHI Sunak has vowed to tackle the dominance of tech giants such as Facebook and Google by ensuring they pay a fair rate of tax and do not abuse their market position to squash rivals. In the wake of his £65billion raid on household incomes and company profits in Wednesday’s…
BORIS JOHNSON’s Government is considering a blueprint to “Corbyn-proof” the UK and stop the Labour Party from re-nationalising industries if it gets into power. In a policy paper commissioned by the Government, Tory MP John Penrose outlines how the UK should diverge from the EU on competition rules now it…
Britain’s regulatory response to the digital economy needs to focus on network monopolies, which charge nothing upfront, but harvest and use customer data to make money instead. That’s the view of John Penrose MP, who was invited by the government in September 2020 to conduct an independent review of UK…
The U.K. should overhaul competition rules to speed up rulings and give consumers more choice, according to a government-commissioned review. John Penrose, the Conservative member of Parliament who carried out the review, recommended speeding up decision-making at the Competition and Markets Authority, giving it more powers over consumer rights, and…