Why UK digital regulation makes good sense for UK businesses

Written by Maeve Walsh, Associate, Carnegie UK Trust

Seeking global solution s and global co-operation on digital regulation makes sense. The world is now reliant on a small handful of (mainly US-based) global platforms for trade and business, data-sharing and advertising flows, intelligence sharing and national security, and personal and corporate transactions and communications. The advantages of technology cross borders, as do the harms. M any nations and trade blocs are struggling to find solutions that balance protection from harm with rights and innovation. Working towards consistency and coherence in the regulatory sphere is a noble idea, albeit one that won’t come quickly.

But there are merits going it alone and seeking first-mover regulatory advantage in this complex, interconnected world. As we leave the EU , the UK is in a strong position to carve out a uniquely British model of regulation that is compliant with international law and systemic, rather than palliative or reactive. Much of the foundations are already in place; taken together they would increase competitiveness, support our national values and lead the world in enhancing free speech, protecting children and the elderly and improving national security.

For example, the UK can:

Taken together, it is clear that the UK is probably the only country where there is concerted, effective action underway to tackle the full swathe of issues caused by largely unregulated tech companies. Across the developed world, regulation is becoming the new cost of doing business online and Britain could get ahead of the curve and have the best system: effective, but proportionate. Being regulated here should be a badge of entry to other markets , making the UK should an attractive place for companies to design products and services. The government should keep its eyes on that prize — and not blink first .

For a summary of the duty of care proposal for online harm reduction, take a listen to the with Professor Lorna Woods .

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