London
03 March 2017
Reporter: Barney Dixon
More to be done for digital sectors, says UK government
The UK’s digital sectors contributed £118 billion to the economy in 2015, but there is more still to be done, according to a new policy paper from the government.

The paper, which was published on 1 March, outlines the UK’s digital strategy for 2017, with the ambition to grow digital sectors until they achieve a £200 billion contribution in 2025.

“Although this will be led by the private sector, government has a key role to play in supporting innovation and the commercialisation of ideas, and helping all digital businesses take advantage of opportunities for growth,” it said.

The UK says that IP needs an effective tax structure, and this is one area it is already tackling.

It says: “We have already created one of the most innovation and entrepreneur-friendly tax systems in the world.”

“The government has delivered highly competitive headline corporation tax rates and introduced a range of initiatives to further support innovative businesses. This includes the Patent Box, which enables companies to apply a reduced 10 percent rate of corporation tax to profits earned from patented inventions.”

Jo Joyce, associate in the IP and media team at Taylor Wessing, said: “Although the policy paper does not announce any significant change to UK IP policy, we are looking forward to seeing the details of the legislative proposals to implement these general themes.”

“Continuing to focus on the importance of an IP regime that is both robust and flexible in a time of fast paced technological change is welcome. It is notable and important that during this time of uncertainty the UK government is restating its belief in the need to create the right conditions for the digital sectors to continue to thrive, including having the right IP framework.”

More Industry news
The latest news from IPPro The Internet
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Dark web marketplace AlphaBay shut down
21 July 2017 | Washington DC | Reporter: Barney Dixon
The US government has seized AlphaBay, the largest online ‘dark market’ that was used by hundreds of thousands of people to trade illegal goods
CIPU partners with Tusher for IP education
18 July 2017 | New York | Reporter: Barney Dixon
The Center for Intellectual Property Understanding has partnered with the Tusher Center for the Management of Intellectual Capital to further promote public IP awareness
Entrupy secures $2.6 million in funding
18 July 2017 | New York | Reporter: Barney Dixon
Software company Entrupy has secured $2.6 million in funding for its artificial intelligence-driven counterfeit protection technology
ICC calls on UN members to fight counterfeiting and piracy
10 July 2017 | Geneva | Reporter: Mark Dugdale
The International Chamber of Commerce has asked UN member states to do more to protect consumers from the health and safety risks posed by counterfeits and pirated goods
UKIPO releases IP Act guidance
03 July 2017 | London | Reporter: Barney Dixon
The UK Intellectual Property Office has issued business guidance on the recently passed IP (Unjustified Threats) Act
Google hit with €2.42 billion EU antitrust fine
27 June 2017 | Brussels | Reporter: Barney Dixon
The European Commission ruled the company had abused its power by giving an advantage to its own products and services in Google search results
Matal named acting head of USPTO
08 June 2017 | Washington DC | Reporter: Barney Dixon
Associate solicitor Joseph Matal has been named as acting under secretary of commerce for intellectual property and director of the USPTO