Playing to UK microchip strengths and avoiding a subsidy race – Minister for Tech Paul Scully
UKTN | The Podcast
UKTN
5.0 • 6 Ratings
🗓️ 7 August 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
Paul Scully, Minister for Tech and the Digital Economy, addresses criticism of the UK’s semiconductor strategy and explains why the government is avoiding a “subsidy race” with the likes of the US. The MP for Sutton and Cheam outlines the goals of the Digital Markets Bill, and explains how existing regulators will create a “baseline” while building up an understanding of AI risks. Elsewhere, he discusses the Online Safety Bill, investment zones and Tech Nation.
Scully was appointed Parliamentary Under Secretary of State (Minister for Tech and the Digital Economy) at the newly created Department for Science, Innovation and Technology (DSIT) in February. He held the corresponding role at DSIT’s precursor, DCMS, from October 2022 and has been an elected MP since 2015. He is also Minister for London and was appointed to that role on 13 February 2020.
Transcript
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| 0:00.0 | You should be able to start a business and grow a business wherever you are. |
| 0:10.0 | If you want to come to London or another city in the UK, great. |
| 0:14.0 | You shouldn't feel you have to come to London or another city to be able to do that. |
| 0:18.0 | You should be able to do that wherever. When social media was starting to proliferate, the world didn't really do a lot at that time. |
| 0:25.6 | And so we're trying to put the gene back in the bottle, which is always difficult to do. |
| 0:29.6 | We're not in a place that we're going to get into a subsidy race. What we're doing is we are |
| 0:35.6 | leveraging what the UK does |
| 0:37.7 | really, really well in semiconductors to make sure that we can have a safe and secure and robust |
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| 1:21.0 | intact. |
| 1:27.1 | Hello and welcome to the UKTN podcast, a weekly chat with the founders of some of the UK's |
| 1:33.0 | high-growth tech companies and other key stakeholders. In this series, we'll be exploring what |
| 1:38.3 | entrepreneurship looks like in the UK right now, as well as getting tips from some of our |
| 1:42.8 | most innovative business leaders |
| 1:44.3 | and discussing the hot topics in the tech world. And I'm joined today by Paul Scully, the Minister |
| 1:50.3 | for London and the Parliamentary Undersecretary of State for Tech and the Digital Economy. |
| 1:55.3 | Big welcome to you, Paul. Hi there. Good to be here. Now, first of all, why don't you sort of set out what you see as your |
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