Feeds

Mandelson has plans for e-commerce

But what are they?

  • alert
  • submit to reddit

High performance access to file storage

As the UK's overseas-owned semiconductor fabs keel over like dominoes the minister responsible, Peter Mandelson, has been heroically setting out his plans to make the UK a leader in electronic commerce. Making what is described as his first major speech since his appointment as secretary of state for trade and industry, Mandelson told an invited (and, we presume, paid) audience at the Wall Street Journal European Summit on Converging Technologies that the next four years would see a range of legislation providing a framework for the growth of electronic commerce. He appears to have neglected to tell the audience precisely (or indeed even approximately) what this legislation would consist of, but in point of fact there's very little that the UK can do independently of the EU and US - electronic commerce legislation globally will be driven by the major trading blocs, and although Mandelson will find himself with an input and some influence, he'll have to toe the line as and when the deals are cut. Encryption and taxation are major issues where there's divergence between Europe and the US. The US is still holding out forlornly on encryption export restrictions. The UK in April put forward proposals for legislation that included Trusted Third Parties (TTPs) holding keys, which is similar in concept to the US 'key escrow' idea, but this isn't likely to happen until it's clear the policy fits with EU, and probably US, policy. Taxation is more of a problem, as the (outgoing?) Clinton administration favours making the Internet a tax-free zone, while the EU (and no doubt Mandelson, when he checks the numbers) hasn't the slightest intention of letting all of that lovely Value Added Tax revenue go. Steering clear of these thorny issues, Mandelson instead concentrated on programmes to hook schools up to the Internet (these incidentally are currently being maimed by British Telecom dumping all the costs onto ISPs) and to increase businesses knowledge of IT. Dull stuff, basically. Meanwhile, dust gathers in the silent semi fabs, and the Great Man has some hard thinking to do about Rupert Murdoch's bid to buy Manchester United… ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.