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UK-France taskforce set to boost digital economy

Published 27/07/2015

Chancellor George Osborne said the taskforce will lead the way in unlocking the economic benefits offered by the digital economy
Chancellor George Osborne said the taskforce will lead the way in unlocking the economic benefits offered by the digital economy

Tech companies are set to be boosted by a new joint taskforce set up by Britain and France, Chancellor George Osborne has announced.

The deal, which is planned to unlock up to £42 billion of economic growth across Europe, will enhance co-operation on making government data accessible, establishing a set of principles on how small and medium sized businesses use data, and make it easier for data to be moved around.

The Treasury said data-driven innovations were a major source of economic growth around the world, with Britain and France already at the forefront of the sector.

The deal is set to boost prospects of creating a single market in the digital sector across the European Union.

Speaking from the launch in Paris, Mr Osborne said: "I am delighted to announce the creation of a new joint UK-France taskforce to lead the way in unlocking the significant economic benefits offered by the digital economy.

"In the UK our digital industries contribute over £113 billion to the economy and this taskforce will consider ways to accelerate growth in this flourishing sector."

French economy minister Emmanuel Macron said: "France and the UK are at the forefront of the digital economy.

"We need to join forces to unleash its potential by setting up a fair and balanced framework which benefits innovators, companies and consumers."

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