this post was submitted on 11 Jul 2026
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Bank of England handed powers to regulate key tech firms including Amazon and Google (www.gov.uk)
submitted 20 hours ago by beep@piefed.world to c/technology@lemmy.world
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cross-posted from: https://piefed.world/c/tech/p/1255260/bank-of-england-handed-powers-to-regulate-key-tech-firms-including-amazon-and-google

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[–] Brewchin@lemmy.world 2 points 16 hours ago

None of the existing UK quangos and orgs with the title or mission of "regulator" actually do any regulation*, so maybe they thought it was worth a shot? Can't be any worse than the status quo, right?

*Well, they do regulate normal individuals. Never business or power. Regulatory capture is alive and well.