The Guardian view on Labour’s competition policy: don’t let big tech set the agenda | Editorial

Ministers seem to think a more conciliatory approach to corporate behemoths is good for growth. The evidence suggests otherwiseGovernments chase private investment. Few ask who really benefits. Recently, Labour has been genuflecting to the tech industry in the hope that Britain will become the destination for an AI boom. American tech firms have enjoyed numerous meetings with the secretary of state, Peter Kyle, and ministers have taken aim at competition regulation, a vital tool for tackling corporate power. In doing so, Labour risks undermining its attempts to build a more productive, higher-wage economy.Just as the EU is adopting a tougher stance on big tech and AI, Labour is moving in a more conciliatory direction. Last week, ministers handed the Competition and Markets Authority (CMA), the regulator with the power to break up big tech firms, a new “steer” to prioritise growth. At Labour’s investment summit last October, Sir Keir Starmer had a friendly conversation with the former Google boss Eric Schmidt, and pledged to make the CMA take growth “as seriously as this room does”. The government then installed Doug Gurr, the former head of Amazon UK, as the regulator’s new chair. Continue reading...

Comments

Business News

Trump budget would cut ocean data and leave boaters, anglers and forecasters scrambling for info

washington times

How YOUR family could share in a £1.3 billion cash windfall: That's how much is sitting in lost or forgotten child trust fund accounts - and this is how to claim it

about 2 hours ago

Jennifer Lawrence says motherhood changed her 'creatively' and 'highly recommends' actors having kids

insider

Comments

Business News

Trump budget would cut ocean data and leave boaters, anglers and forecasters scrambling for info

Portugal holds a third general election in 3 years. But the vote might not end the political turmoil

Congo's coltan miners dig for world's tech -- and struggle regardless of who is in charge

Trump administration brushes off credit downgrade as 'lagging indicator'

Flights reduced by 40% at Paris-Orly airport after traffic control systems break down

Tesco Clubcard warning for millions to bring card ‘next time’ you shop to avoid costly deadline

Aldi’s new garden range that will instantly transform your lawn from just £4.99 launches in stores next week

Denver Nuggets Star Aaron Gordon Could Miss Rest Of Playoffs: Report

What Time Is The ‘American Idol’ Season 23 Finale? How To Watch The Top 3

MMA Icon Cris Cyborg Defeats Precious Harris-McCray At Fight Night 3

The Mental Game: NBA Players DeRozan, Love, and Jordan Prioritize Mental Health

How YOUR family could share in a £1.3 billion cash windfall: That's how much is sitting in lost or forgotten child trust fund accounts - and this is how to claim it

Jennifer Lawrence says motherhood changed her 'creatively' and 'highly recommends' actors having kids

Sam Altman says critics of Trump's AI deals with Gulf nations are 'naive'

Landmark Scottish shopping centre sold in £50 million deal

Poundland to shut popular store in DAYS ahead of possible shock £1 takeover

Are you in more credit card debt than everyone else?

Northern Lights Forecast: 15 States May See Aurora Borealis Tonight

'We compared supermarket toilet roll - one cheaper brand was softer than Andrex'

15 vintage photos show how motherhood has changed in the US

I'm 34 and my best friend is 84. We have more things in common than people would assume.

Liberal government will table federal budget in the fall, Carney says

NatWest gives first-time buyers welcome boost in major move

DWP announces fraud and error review of PIP and five other benefits

Porsche dealership co-owner resigns over antisemitic text scandal: ‘Offensive and inexcusable’

My entire garden is DESTROYED after nightmare neighbour lobbed BBQ over fence & left me footing 4-figure bill

Major outdoor chain with 300 branches shuts doors to beloved store forever after launching ‘everything must go’ sale

World Health Organization Reports 57 Children Dead From Malnutrition In Gaza

Donald Trump Vs. Joe Biden: Who Was Better On Inflation?

Financing Career Changes: What It Really Takes To Move In Midlife

Pope Leo XIV Presides Over Inaugural Mass, Calls For Rejection Of Hatred (Photos)

Chelsea Women Finish Unbeaten In Domestic Competitions Securing Treble

I ranked 5 Burger King cheeseburgers from worst to best, and the winner was the most classic

Wes Anderson says Gene Hackman was 'furious' about being paid the same as everyone else in 'The Royal Tenenbaums'

HMRC could soon send tax letter to anyone with this type of savings account

B&M garden sale with the cheapest item selling for £1

Aldi shopper issues warning over ‘exploding’ tabletop product that left her downstairs ‘full of smoke’

Aldi will soon begin selling £8.99 version of viral solar lights that shoppers love for brightening up their gardens

Josh Groban Debuts His New Album At No. 1 On Multiple Charts

Luke Combs Reaches Several Milestones With His New No. 1 Smash

FIFA Under Fire From Palestinian FA For Slow, Unclear Israel Investigation

Morgan Wallen Pushes Three Radio Smashes To New Peaks — On Different Charts

Doechii Reaches A New Career Peak On The Most Important Billboard Chart

Scarlett Johansson Swaps Jokes On ‘SNL’ Finale While Mike Myers ‘Re-Meets’ Kanye

Aaliyah’s Posthumous Single Earns The Singer Her First New Radio Hit In A Decade

$1 Trillion In Economic Damage From U.S. House’s Reconciliation Bill

The 10 Busiest International Destinations From The U.S. This Summer

Energy And Commerce Will Drive Trump’s New Middle East Doctrine

DWP explains how PIP payment cuts will affect state pensioners

Lloyds Bank explains transfer rules as 'you can use any offer'

M&S shoppers urged to follow 'simple rule' after cyber incident

Major supermarkets team up for new campaign to fight hunger in the UK

UK’s largest natural gas storage facility to shut down without government help

How to pay off your mortgage early on an average UK salary

Hard up households can apply for cost of living support worth £230

Why Amazon Wanted To Buy This Company For $3.9 Billion

These four British stocks are glaringly undervalued - investors should act now to reap the benefits: MIDAS SHARE TIPS

The only certainty around Trump's tariffs for consumers and retailers is more uncertainty

I'm 33 and I have 4 roommates. The rent fits my budget and I love the company, but sometimes I'd prefer to live alone.

I play alongside my kids now that they're older more than I did when they were toddlers