Don’t imagine that the UK’s national debt can be eroded by whacking Facebook, Google et al with fines worth 10% of their worldwide revenues. The Digital Markets Unit (DMU), the soon-to-be-created watchdog for the tech sector, would still have to ensure penalties are “proportionate”; and it would have to set out its fining framework in advance.
Click here to read more-->Digital watchdog's takeover powers might tame Facebook and Google at last
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