Posts Tagged ‘digital agenda’

If the UK is serious about the digital economy, we need to stay in the EU

23/04/2014, 09:02:19 AM

by Callum Anderson

Just in my life time, the way we communicate both with our friends and family, as well as, perhaps more significantly, in the work place, has changed dramatically. Out has gone the fax machine, and at times the telephone, and in has come the internet, alongside email, Skype and numerous other applications.

Similarly, the way we hold data has changed. According to the European Commissioner for the Digital Agenda, Neelie Kroes, 90 per cent of our existing data has been produced during the last two years. In two days in 2013 the world produced as much data as in the year 2003.

The greatest challenge for governments in the twenty-first century will be how to utilise technology to the advantage of their citizens. Those who succeed will enable their countries to prosper, whereas those who restrict this digital revolution, or at least fail to position themselves so that they can take advantage of technological progress, will be left behind. Indeed, the governments who succeed will be successful because of their willingness to co-operate with other nations.

If the UK is to be among these successful nations, then there is no doubt that it must continue to work closely with its partners in the EU.

According to the European Commission, the digital economy is growing at seven times the rate of the rest of the economy. By implementing its Digital Agenda, the EU would raise its GDP by 5 per cent, equal to £1,200 for each EU citizen, and create 4 million jobs by 2020. This provides a compelling reason why Britain must retain its position at the heart of the EU, so that it can enjoy its share of the potential benefits this sector will bring.

A study by the Vlerick Business School in Belgium found that the internet sector provides 3.4 million jobs in the EU, with the UK representing 292,000 of this, the highest of any individual EU country. The result is that this comparatively new sector contributes €119.8 billion to the EU economy, about 1 per cent of EU GDP.

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