The Competition and Markets Authority (CMA) and the Information Commissioner’s Office (ICO), have published a joint statement that sets out their shared views on the relationship between competition and data protection in the digital economy.
“Modern data protection regulation is a vital ingredient for a vibrant digital economy. It provides a roadmap for companies to share personal data responsibly and to innovate in a privacy friendly way. It also requires that people have control and understanding of how their data is used, which is crucial for building the public trust that underpins successful digital markets.” – Elizabeth Denham, UK Information Commissioner
“Data plays a vital role in the digital economy – from suggesting new music or films that we may enjoy to helping us find relevant information when searching online. A well-functioning digital market needs to preserve privacy and offer competitive online services, empowering consumers.” – Andrea Coscelli, CMA Chief Executive