The UK Government announces the Digital Markets, Competition and Consumers Bill to introduce a wide range of reforms in the regulation of Big Tech

On 25 April 2023, the UK Government introduced the draft Digital Markets, Competition and Consumers Bill (the "Bill"). The date for the second reading is yet to be formally scheduled. In our first update, we provide a high level overview of the proposed reforms. Subsequent updates will focus on each area in more detail. Key takeaways The Bill will implement the Government's digital markets strategy, which includes tailored codes of conduct for certain digital companies and a bespoke merger control regime for designated firms. The Bill also contains significant reforms to the competition and consumer law regimes in the UK, in particular: Wide-ranging changes to the Competition and Markets Authority's ("CMA") Competition Act 1998 and market study/investigation powers, including the ability