Britain to take on Big Tech with new legal powers

Britain said on Tuesday it would introduce a new law to rein in the power that big tech companies such as Google, Facebook and Amazon are able to wield to stifle competition in digital markets.

The legislation will also bolster protection for consumers by making it easier to opt out of online subscriptions and by making it easier to tackle fake reviews, the government said.

Britain’s antitrust watchdog, the Competition and Markets Authority (CMA), set up a dedicated Digital Markets Unit two years ago, armed with the expertise to regulate new markets, such as social media.