UK will publish report on how to boost economy

97
2
UK will publish report on how to boost economy

We may include adverts from us and 3rd parties based on our understanding. Minister are going to publish a new report which shows how the UK can use digital services to boost economic growth. The UK exported over 200 billion worth of digitally delivered services in 2019, already a world leader in digital services.

It says Britain should look to shape the global rules on digital services and ensure consumer and business safeguards exist to help the market flourish. Britain should tackle digital protectionionism and discrimination on the global stage to help more UK businesses trade outside the UK, it suggests. Trade Secretary Anne-Marie Trevelyan said digital trade presents huge opportunities for our brilliant UK businesses ahead of the report's official launch. That s why we are building a global network of next-generation trade deals that drive productivity and boost high-paying jobs and growth in all parts of the UK. More UK companies will be able to export their innovative, high-quality services and goods globally by addressing digital protectionionism on the global stage and championing a free, open, and competitive digital economy. The UK has started negotiations with Singapore on a Digital Economy Agreement. Fishing row explained: What's going on as France threatens UK INSIGHT EU red tape, forcing UK business to cut 'thousands of products' UPDATE Channel migrant deaths show just how mercenary Macron and EU are COMMENT Britain is the first European country to begin such negotiations with any country in the world. Digital trade provisions have been written into agreements with Japan, Australia and New Zealand. Economist Dr Linda Yueh, who serves as a Board of Trade adviser, said taking a leading role in shaping the international rules for digital trade was vital to ensure Britons' benefits in the future. She said the UK can do a lot in this area by playing a global role in helping to ensure that digital trade is fair and free, as well as to make the most of this fast-growing aspect of the 21st century world economy.