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EU plan to intervene in 'tipping' tech markets carries 'real risks,' UK CMA says

By Nicholas Hirst and Lewis Crofts ( September 14, 2020, 15:17 GMT | Insight) -- The UK competition agency has warned the European Commission over its plan for new powers to intervene in tech markets that are in danger of “tipping” into the hands of a dominant platform. “We consider that identifying when a market might tip is very difficult,” the CMA wrote, warning of the “significant negative consequences” of getting the assessment wrong. The remarks are striking because the UK agency’s own powers to dig into a broad market have been hailed as inspiration for reform at the EU level. EU plans to hand antitrust enforcers new powers to intervene in digital markets before they “tip” into the hands of a dominant player carry “real risks,” the UK’s agency has warned....

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