Friday, February 19, 2016

Tax and Encryption Rows Cast Shadow on UK Tech Boom

Ed vaiez

Tax/Encryption Commotion between Tech Giants/Government


Digital minister Ed Vaizey MP has stated that tax and encryption commotions between tech giants and government need not dominate the growing tech industry of UK. Vaizey had debated that critics in tech had not appreciated the intention of the bill, on the same day when critics on the Joint Select Committee had reported that the extension of digital surveillance powers of the government had to be fundamentally reconsidered.

He had informed WIRED that he `wanted it to be in partnership between the government and tech and often there is a binary approach. If one talks about the security services requirements, in a digital age, to be safe, you will be riding roughshod over protected principles in tech’. UK tech is a central part of the economy informed Vaizey emphasising that the latest Tech Nation survey which showed in digital was faster by 32% when compared to the rest of the economy.

Tech giants including Apple and Google said that the Investigatory Power Bill seemed to outlaw end-to-end encryption utilised by messaging services inclusive ofWhatApp and iMessage. Other critics have informed that the bill is `sloppily’ written and comprises of areas of considered vagueness

Digital Industries – Annual UK Turnover of £161 Billion


In response, Vaizey had repeated the assertion of the government that the Prime Minister David Cameron had not wanted to ban’ encryption but maintain powers over its use as well as the companies which tend to employ it. Vaizey had mentioned that they had the same debate on adult content and saw nothing wrong, viewingit as the role of a politician.

He would not let kids to read hard-core pornography when it is printed and that they need to do something to ensure that they don’t stumble across this on the web and should work together. He feels that they have made progress on that and hopes to have the same debate with regards to security. As the debates tend to carry on, the industry continues to grow. As per the annual Tech Nation report, formed by the government-funded Tech City UK industry group, together with the revolution charity Nest and GrowthIntel, digital industries tend to have an annual UK turnover of £161 billion

Digital Jobs Created in Unexpected Areas


Tech seems to be growing across the UK, not just in London; with the turnover growth for instance higher in Southampton than London as per Tech Nation. The details of the report as in 2015 had highlighted continued issues beyond the South East on England with infrastructure, access to funding as well as availability of expertise.

Chief executive of Nesta, Geoff Mulgan had mentioned in a report that it showed a number of digital jobs created in unexpected areas. He had also mentioned that the government had to do more in supporting the growth of tech in health, new industries like the Internet of Things as well as the ability of the UK in the development, retaining high value companies to work on artificial intelligence and machine learning.

He further added that `for all those though there is a challenge over the question of whether government is really using its policy power, purchasing power sufficiently, policy plays a big role in FinTech’ He is of the belief that several people in government would acknowledge that there is not the same equivalent alignment yet.

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