Will the CMA's new powers undermine investment?
This is the audio from a panel hosted by the Institute of Economic Affairs, which discussed the government’s Digital Markets and Competition Bill.
The discussion built on the IEA's recent publication, “Digital Overload”, written by the ICLE’s Dirk Auer and Lazar Radic and the IEA’s Matthew Lesh: https://iea.org.uk/publications/digital-overload-how-the-digital-markets-competition-and-consumers-bills-sweeping-new-powers-threaten-britains-economy/
The paper focuses on the extensive new powers given to the Competition and Markets Authority (CMA) to tackle alleged anticompetitive practices in digital markets by the DMCC Bill. These powers threaten to undermine investment in the UK digital sector and associated innovation because of cumbersome, unclear and ever-changing rules – along with a lack of accountability. Firms may seek to minimise the risk of falling afoul of the new regime and incurring hefty fines and stringent remedies, meaning the UK’s position as a ‘science and technology superpower’ will be undermined.
Panellists:
Do economic sanctions work? | Markets & Morality
Interest rates: How to control inflation?
The Swift Half with Snowdon ft. Martin Durkin
Explained: Libertarian Socialism
In Conversation with Nigel Farage
Are our millionaires taxed enough?
The Swift Half with Snowdon ft. Konstantin Kisin
Live with Littlewood – with John Ashmore, Martin Durkin, Tom Harwood and Victoria Hewson
Explained: Labour Theory of Value
Has the nudge theory failed?
Why is Biden slipping in the polls?
Understanding collectivist politics
Simon Clarke MP speech to the IEA on public spending
The Swift Half with Snowdon ft. Johan Norberg
Is a football regulator necessary?
Spring Statement Live with Littlewood
What is cognitive economics?
Should we support higher defence spending? | Markets & Morality
The Swift Half with Snowdon ft. Geoff Norcott
How will Ukraine recover after the war?
Create your
podcast in
minutes
It is Free