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12/01/2012

Govt Urged To 'Think Big' For UK Communications Sector

It has been suggested that the communications industry is the key to re-balancing the UK Economy.
In a new report, called Blazing a trail – the UK communications sector in a global economy, it is said the communications industry should “think big” when it publishes its forthcoming Communications Bill, and be ambitious about what one of the UK’s fastest growing sectors can achieve.
The UK is already a major global player in communications, with a sector worth at least £50 billion a year to the economy in value terms, and the potential to grow its annual exports by more than 8.7% between now and the end of the decade.
However, major economies as diverse as Singapore, Sweden and China are investing in technology to compete, and the UK cannot afford to take its hard-earned position for granted.
The report said to support this, the Government must ensure that regulation is suitable for a dynamic industry, encourage competition in the communications sector, maximise export opportunities, and ensure the UK has the infrastructure it needs to compete on a global stage.
Dr Neil Bentley, CBI Deputy Director-General, said: "The UK is known around the world for its cultural exports, whether it’s Adele topping the charts in 18 countries around the world, or Downton Abbey being screened in over 200 territories.
"But the UK’s communications sector is worth much more than its high profile successes. It has the potential to grow its exports faster than most other sectors over the coming decade, and can therefore play a key role in re-balancing our economy and reducing our reliance on domestic consumption.
"That’s why we need the Government to think big in its forthcoming Communications Bill. Our communications sector needs a framework in place that will enable and encourage innovation, with a clear and consistent approach to regulations."
(LB)
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