UK antitrust regulator to take on Big Tech with new legal power

LONDON: Britain’s antitrust regulator will gain legal powers to tailor rules for big tech companies, such as Meta, Alphabet and Amazon, to ensure they treat businesses and consumers fairly, according to the King’s Speech setting out the government’s priorities.

The Competition and Markets Authority (CMA) set up a dedicated Digital Markets Unit more than two years ago, armed with the expertise to examine rapidly evolving markets like social media.