Digital Markets: Competition

Part of Business and Trade – in the House of Commons on 18 May 2023.

Alert me about debates like this

Photo of Nadhim Zahawi Nadhim Zahawi Conservative, Stratford-on-Avon

The Competition and Markets Authority’s recent ruling blocking the acquisition of Activision Blizzard has made us an outlier. Its intervention in the nascent, innovative cloud gaming market was based on potential rather than real market power. You will know, Mr Speaker, that regulators have as much of a lever on growth in the economy as the Government. As we are doing in financial services, all regulators should have a remit for growth, and maybe—just maybe—we can call them “regulators for growth”.