Member

I welcome the increased engagement with industry from the Government, but we now need a consistent drumbeat, stronger leadership and a clear plan of targets and delivery so that industry can plan alongside government and regulators. That is why this amendment is important, and I press the Minister and the Government to give it further consideration. It asks for a strategy that sets out where we want to go, what barriers we need to remove, what infrastructure and standards we need, how we remain internationally competitive and what success looks like. Woolard’s work is an important part of that, but we need to be more ambitious than a single workstream. Other countries are moving quickly. The UK should not simply seek to regulate the digital assets economy of tomorrow; we should build it and help write the international rules for it here in the United Kingdom.