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EU Internal Market Sub-Committee
Report published 20 April 2016. Awaiting Government response.
The EU Internal Market Sub-Committee has been investigating whether large online platforms, such as Google, Amazon, Uber and Airbnb, which act as gateways to some markets, operate above the law. Its report, Online Platforms and the Digital Single Market, sets out its findings which cover regulation, e-commerce, consumer protection, and competition.
The report recognises that online platforms have accelerated e-commerce across Europe, and that the UK is at the forefront of business creation, with 17 of Europe's 40 so-called 'unicorns' (tech start-ups valued at $1bn) based in the UK. However the report also highlights areas where current regulation isn't working, such as competition law being too slow and mergers going 'under the radar'. Instead of introducing a new regulatory framework for platforms, it argues that the existing regulations should be updated and more robustly enforced.
The EU Internal Market Sub-Committee publishes its report