A new plan to boost economic growth and help the country seize the potential of digital technology will be launched.
The Plan for Digital Regulation aims to reduce red tape and cut down on cumbersome and confusing policy so businesses are freed to come up with new ideas, grow their firms and create new jobs and prosperity.
The vision is to drive prosperity through pro-innovation regulation of digital technologies while minimising serious harms to the country’s economy, security and society.
The digital sector is one of the UK’s most dynamic and important industries. It contributed £151 billion to the economy in 2019, attracted more venture capital funding (£11.2 billion) than Germany and France combined in 2020, and employs more than two million people.
The new plan sets out three guiding principles policymakers must follow and states that the government should only regulate when absolutely necessary and do so in a proportionate way. They should:
- Actively promote innovation. Policymakers must back innovation wherever they can by removing unnecessary regulation and burdens and considering non-regulatory measures such as technical standards first.
- Achieve ‘forward-looking and coherent outcomes’. Digital technologies are evolving fast and transforming traditional sectors across the economy, so policymakers must make sure new regulation complements, rather than contradicts, existing and planned legislation.
- Exploit opportunities and address challenges in the international arena. Digital technologies are borderless and policymakers must take a global view. They must always consider the international dynamics of proposed regulation – from our existing international obligations including trade deals, expected future agreements, and the impact of regulations developed by other nations.
Digital Secretary Oliver Dowden said:
techUK CEO Julian David said:
To support the delivery of a joined-up approach to regulation, the government is working closely with the recently-established Digital Regulation Cooperation Forum (DRCF) – a voluntary forum comprising the Competition and Markets Authority (CMA), Financial Conduct Authority (FCA), Information Commissioner’s Office (ICO) and Ofcom. The plan sets out practical proposals to support a more streamlined regulatory landscape. This includes options to improve information sharing between regulators to reduce duplicate requests on industry and looking at whether additional duties for digital regulators to consult and cooperate with each other are needed.
The plan marks the beginning of a new chapter for digital regulation and comes ahead of the Online Safety Bill being introduced into Parliament, the development of the UK’s independent pro-growth data regime, the publication of a consultation on a new pro-competition regime for digital markets, and the UK hosting the Future Tech Forum in Autumn 2021 to discuss new approaches to tech governance.
It follows the UK’s G7 Presidency to put technology at the heart of building back better from the pandemic, and builds on the Digital Secretary’s Ten Tech Priorities that aim to fuel a new era of startups and scaleups, keep the UK safe and secure online, and ensure that the UK leads the global conversation on digital technology.