We are currently in Committee Stage of the Financial Services and Markets Bill in the House of Lords – examining this important legislation clause by clause, line by line, debating the principles, highlighting concerns and suggesting changes. On the seventh day of this process (7th March 2023) I introduced four amendments, all with the intention …
Category archives: Digital Technologies
Levelling-Up Bill Amendments: Robot Taskforce
Latest robot density figures show UK lagging far behind global competitors. We must act urgently to invest in automation technology and reverse this decline which is why I tabled an amendment to the Levelling Up Bill calling on the Government to consider a taskforce “to increase effective use of robotics and automation, and reduce disparities …
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Fintech regulation: a look back at 2022 and a look ahead to 2023
Back in February, I wrote a piece for Finextra titled, ‘For financial services, 2022 is a year of real regulatory possibilities. Through a series of events – impossible to have imagined at the time – Rishi Sunak, the then Chancellor is now the Prime Minister and the progress on fintech regulation I had hoped for …
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All-Party-Parliamentary-Group on AI
End of Year Round-Up 2022 has been a busy year for the APPG AI – as the buzz around the new Chatbot ChatGPT – has demonstrated, this technology is developing at pace and the use cases are increasingly visible and impressive. As all the speakers at an event in Parliament this week (6th December 2022) stressed – …
Electronic Trade Documents Bill
One of the most important bills you’ve never heard of Today (12th October 2022), in the House of Lords, the Government introduced an incredibly important piece of legislation. The Electronic Trade Documents Bill will allow the digitization of trade documents. A small sounding Bill, it is nonetheless one that will have a colossal impact. This …
Delivering a UK Science and Technology Strategy – Report Published
Today (4th August 2022) our report on delivering a UK science and technology strategy, “Science and technology superpower”: more than a slogan?, is published by the House of Lords Science and Technology Select Committee on which I am honoured to serve. There is a tremendous economic opportunity for the UK if we invest, streamline, and focus on delivering …
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AI Policy Debated in House of Lords
I was delighted to take part in a debate in the House of Lords highlighting the work of our Select Committee on AI. Our original report, AI in the UK: ready, willing and able?, was published in 2018 and made a large number of recommendations to the government. A follow up report was published in …
UK Fintech Week Round Up
What a brilliant and busy week celebrating UK Fintech. As the Economic Secretary to the Treasury, John Glen MP, said on Monday “fintech is punching higher and harder”. In his speech he also highlighted progress one year on from the Kalifa Review and I’m particularly delighted that Ron Kalifa himself is chairing the Steering Group …
Blockchain APPG Evidence Meeting – Government, Democracy and Voting
The All Party Parliamentary Group on Blockchain held an evidence session considering how distributed ledger technologies (DLT) could support democracy. Chaired by Martin Docherty-Hughes MP, I was delighted to join the discussion and sit on a virtual panel alongside other witnesses: Dr. Luke Riley, Head of R&D, Quant Network Dr. Robert Herian, Associate Professor of …
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