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Friday, January 13, 2012

CBI says UK communications sector needs to play a key part in rebalancing the economy

The CBI, which campaigns on behalf of businesses, says the the Government needs to ‘think big’ when it publishes its forthcoming Communications Bill.

It points out that the UK is already a major global player in communications, with this business sector worth at least £50 billion a year to the economy.

Dr Neil Bentley, Deputy Director-General of the CBI, 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 rebalancing 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.”

A new CBI report says the communications industry should play a key part in ‘rebalancing’ the economy. It wants the government to ensure the UK has the infrastructure it needs to compete on a global stage - and recommends the creation of an advisory panel with representatives from within the communications sector.

[CBI report: Blazing a trail (pdf)]

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