Neil Duncan-Jordan

It is a pleasure to serve with you in the Chair, Sir Jeremy. I congratulate the right hon. Member for The Wrekin (Mark Pritchard) on securing this timely debate and on his interesting and balanced speech. In today’s digital age, a small group of technology giants wield extraordinary influence over the infrastructure, services and processes that shape our online lives. Although not all their market positions constitute illegal monopolies, their collective market power enables them to set the terms of digital engagement for billions of people worldwide. That concentration of power has profound implications for the rights to privacy, non-discrimination and access to information. It also has the power to undermine our democratic processes fundamentally, which is one of the points that the right hon. Member made in his opening remarks. The platforms have become so embedded in daily life that meaningful participation in society often depends on using their services. That gives them enormous power to influence public discourse and to curate the information that we receive. We have in effect subcontracted our right to information to a handful of big tech gatekeepers. Nowhere is the danger posed to society greater than on the issue of AI. Without doubt, AI is a transformational technology that will bring many benefits to our society, but in order to realise those benefits fully, it is important to put up safeguards to ensure that those technologies are developed and deployed appropriately and in the interests of society as a whole, rather than simply as a vehicle by which large tech companies can make even greater profits. Without robust regulation, we risk steering society towards an unpredictable and turbulent future that does not work for the public. I have already raised with the Government the prospect of considering some form of employment levy, for example, on companies that replace large-scale workforces with AI. Tax is crucial to this debate, and I want to finish on it. Complicated corporate structures, offshore schemes and favourable tax systems allow companies such as Amazon and Apple to boost their bottom line. Given the lack of transparency about where companies make their money and pay their taxes, it is difficult to get an accurate picture of what is going on. Big tech is here to stay, but how we regulate it, tax it and control it are the big questions that our Government and society as a whole need to face.