New technology to ‘boost business competitiveness’

A review aimed at advancing the UK’s technological capabilities could benefit British businesses and improve the country’s commercial competitiveness, according to the Government.

An independent study, commissioned by the Government and led by Francesco Caio, will investigate new methods of developing the UK’s communications infrastructure, including innovative ways to enhance broadband services.

Launching the review, Business and Competitiveness minister, Shriti Vadera, claimed it was vital that Britain pushes its technological boundaries to ensure that businesses do not fall behind in today’s fast-moving digital society.

‘We must be ready to respond to future technological developments, which will place unprecedented challenges for our communications networks over the coming decade,’ she said.

‘We must not be in a situation where our creativity and growth of our businesses are stifled by inadequate communications and regulatory frameworks.’

The findings of the review will be reported back to the Secretary of State for Business, Enterprise and Regulatory Reform and the Chancellor of the Exchequer this Autumn.