On 13 March 2019, the UK’s Digital Competition Expert Panel, led by advisor to former US President Barack Obama, Professor Jason Furman, released its report setting out its proposed changes for effective regulation of the digital economy (the Report). UK Chancellor, Phillip Hammond, who commissioned the Report, has come out in support of the recommendations in principle. Set out below are the key recommendations. 1. Establishment of a “digital markets unit” (DMU) The Report calls for the establishment of a DMU, which would be an independent body (whether or not part of the CMA or Ofcom) and would be given the remit of using tools and frameworks that will support greater competition and consumer choice in digital markets. The DMU would have three functions. It would be required to:
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The UK Digital Competition Expert Panel releases its report setting out its proposed changes for effective regulation of the digital economy
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