Skip to content
Saturday 12 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,650.44
+0.39%
DAX
25,568.56
+0.82%
CAC 40
8,179.77
+0.78%
STOXX 50
6,325.13
+0.90%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Monday 09 May 2022 6:30 am  |  Updated:  Friday 06 May 2022 3:31 pm

We must design tech legislation fit for free markets and open trade rules

By: Eliot Wilson

Add as a preferred source on Google
Government Ministers Attend Weekly Cabinet Meeting
Culture Secretary Nadine Dorries has been pushing hard for the Online Safety Bill to go through. (Photo by Leon Neal/Getty Images)

Late last month we saw a grand statement of principles by a global coalition of economic powers. The United States, the 27 member states of the EU, the United Kingdom and 32 other countries around the world signed the Declaration for the Future of the Internet, a rather ornately presented summary of the philosophical approach to digital communication.

From the liberal, free-market perspective of the West, it makes encouraging reading.

The declaration talks of “reclaiming the promise of the internet” as an open network of networks allowing communication and “unfettered access to knowledge”.

There are references to the commercial benefits of “better access to customers and fairer competition” and “the invention of new digital products and services”. In short, it could have been written comfortably for post-Brexit “Global Britain”, open for business and trading freely with all.

Naturally it also stresses the protection of rights and privacy. Digital technology should not be used to discriminate, limit freedom or impose onerous surveillance. The conundrum is that while these activities are anathema to the spirit which created the internet, they are also very much assisted and enabled by the spread of technology itself.

The declaration is a welcome development. It speaks in language with which the UK, the US and our economic partners are very comfortable, and it fits into the narrative which the government is trying—and sometimes struggling—to create a modern, dynamic and digitally empowered Britain. It also draws support from a wide coalition, from the powerhouses of Washington, London and Brussels, to smaller nations like Kenya, Georgia and Uruguay.

The most potent criticism of the declaration, however, is that it is non-binding. These are fine words, it can be agreed, but what practical impact will they have on digital economies?

Read more

First Trust Global Portfolios Management Limited Announces Distribution for Certain Sub-Funds of First Trust Global Funds ICAV

National and supranational legislation is where the rubber meets the road, and it is there we must look for more effective changes. The EU is already on the verge of agreeing its Digital Services Act which will harmonise rules on illegal content, transparent advertising and disinformation.

In the UK, the digital sector has for the past year been prowling carefully around the Online Safety Bill. Similarly to EU legislation, this focuses more on protection and safeguarding than liberalism and freedom of communication, but it touches on several flashpoints of public opinion: the availability of pornography and other adult content, the monitoring of abusive content and hate speech, and issues of privacy and data protection.

The Bill hasn’t had a happy progress so far: introduced in March, it passed its second reading but fell at the prorogation of Parliament, and current rumour suggests it may not be revived in its present form.

This exposes some of the difficulties facing any regulation of the internet. The ambitions we have for it—openness, accessibility, free exchange of ideas, services and goods—are important but hard to encapsulate in legislation. It is easier to proscribe and limit, for example with age verification or data protection and retention. Both the Online Safety Bill and the Digital Services Act have been accused of leaning too far in that direction, while critics of the Declaration for the Future of the Internet have noted that it hardly deals with regulation or protections at all.

Nurturing the digital economy is too important to be consigned to the “too difficult” pile of governmental priorities.

We boast of the success of the UK’s tech sector, which is absolutely dependent on digital freedom and stability. Manufacturing is now a niche sector in the UK, and our strength lies in services. Connectivity must be our secret weapon. Global Britain will only succeed if it is also a safe but accessible digital Britain.

Read more

As it happened: FTSE 100 drops as oil prices rise after Trump makes Hormuz threat

Donald Trump speaking at a podium, microphone visible, discussing the Strait of Hormuz

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Opinion

Trending Articles

  • Wetherspoon boss: ‘Not up to Burnham’ to choose who is on the high street 

  • Primark sales slip as owner dresses up retailer for demerger

  • Badger Beer maker Hall & Woodhouse doubles profit ahead of tie-up with James May

  • Crystal Palace owner Blitzer part of £1bn mega stadium redevelopment

  • Barclays faces legal scrutiny over role in £90m ‘Ponzi scheme within a Ponzi scheme’

More from Morning Wire

  • First Trust Global Portfolios Management Limited Announces Distribution for Certain Sub-Funds of First Trust Global Funds ICAV

    Business Wire
  • As it happened: FTSE 100 drops as oil prices rise after Trump makes Hormuz threat

    FTSE 100 Live
    Donald Trump speaking at a podium, microphone visible, discussing the Strait of Hormuz
  • Sempresto’s Smartphone-Integrated Epinephrine Auto-Injector Wins Red Dot Design Award

    Business Wire
  • Lattice to Showcase Industrial FPGA Innovations at FPGAWorld Conference 2026

    Business Wire
  • Premier League: US owners dominate over half of 20 clubs

    Sport Business
    Shahid Khan, businessman, smiling and wearing a bright blue scarf, looking to the right with a blurred background.
  • Argan, Inc. Expands Teledata Footprint into New England with Acquisition of ValCor Communications

    Business Wire
  • Queue-it Announces Majority Investment from THL Partners

    Business Wire
  • WP Engine Opens Smart Search AI to the WordPress Ecosystem

    Business Wire
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook