Google and Meta: Profits

(asked on 7th July 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what recent assessment they have made of the excess profits generated by (1) Meta, and (2) Google, in the UK from online advertising; and whether they will direct the Competition and Markets Authority to update their calculations in the Online platforms and digital advertising study, published in July 2020.

Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 18th July 2022

The Government has no plans to direct the Competition and Markets Authority, which is an independent regulator, to update the calculations in its online platforms and digital advertising study. However digital competition is a priority for the Government as shown by our plans to address the far-reaching power of the biggest tech firms, through a new pro-competition regime for digital markets as reaffirmed in the consultation response published on 6 May.

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