Week one of a new government and it’s time to talk tech | Computer Weekly
Summary
The Data Protection and Digital Information Bill, which was introduced to Parliament in March 2023, was in committee stage with us in the House of Lords when the general election was called, and it was lost during wash-up. There were many issues with the Bill as drafted but one aspect, urgently needed, not least with respect to DSIT’s mission outlined above, is regulatory clarity around smart data. Making open data available in all financial sectors by 2030, including credit, savings, mortgages, and insurance so that citizens can have a complete picture of their personal balance sheet in one place. The increasing digitalisation of market infrastructure potentially leads also to enabling digital assets and tokens to be more widely understood and adopted. I had drafted and introduced the bill to push the government to consider practical aspects of regulating AI and had managed to get it through all the Lords stages of the parliamentary process before it fell.