LONDON: Britain needs to overhaul its competition rules to tackle the dominance of tech giants like Facebook, Google and Amazon, and increase consumer choice, a government review said on Wednesday.
Big tech has been criticised by politicians in the United States and in Europe in recent years over issues ranging from Facebook losing track of users' data to how Google ranks the results of searches. Harvard professor Jason Furman, who chaired the British government review, said the digital sector had created substantial benefits but they had come at the cost of the increasing dominance of a few companies."My panel is outlining a balanced proposal to give people more control over their data, give small businesses more of a chance to enter and thrive, and create more predictability for the large digital companies," he said on Wednesday.
UK finance minister Philip Hammond, who will deliver a half-yearly update on the budget later on Wednesday, said he would set out government measures to ensure digital markets are competitive later this year.
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