London, April 25 (Ians) The UK government on Tuesday introduced a new legislation to tame Big Tech from abusing market power and ensure businesses and consumers are protected from rip-offs and can reap the full benefits of the digital economy with confidence.
Fake reviews that cheat customers, subscription traps that cost more than a billion pounds a year, and new powers for the Competition and Markets Authority (CMA) to tackle businesses that breach consumer rights law are all elements of the far-reaching bill.
The new powers are aimed at boosting competition in digital markets currently dominated by a small number of firms and tackling fake reviews so customers aren’t cheated by bogus ratings.
“From abuse of power by tech giants, to fake reviews, scams and rip-offs like being caught in a subscription trap – consumers deserve better. The new laws we’re delivering will empower the CMA to directly enforce consumer law,...
Fake reviews that cheat customers, subscription traps that cost more than a billion pounds a year, and new powers for the Competition and Markets Authority (CMA) to tackle businesses that breach consumer rights law are all elements of the far-reaching bill.
The new powers are aimed at boosting competition in digital markets currently dominated by a small number of firms and tackling fake reviews so customers aren’t cheated by bogus ratings.
“From abuse of power by tech giants, to fake reviews, scams and rip-offs like being caught in a subscription trap – consumers deserve better. The new laws we’re delivering will empower the CMA to directly enforce consumer law,...
- 4/25/2023
- by Agency News Desk
- GlamSham
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