Headlines: September 29th, 1998

The Government has announced what it is doing to help Britain increasingly become a ‘knowledge-driven economy’.The implications of the rapid growth of information and communications systems for both the economy and the public sector are set out in a report published by Peter Mandelson, Secretary of State for Trade and Industry.He said: “The convergence of information and communications systems will have a major impact on commerce and society. One of the main consequences of convergence – the internet – is already transforming the way business is done.”The report looks at the issues Government needs to consider to ensure that existing and new industries alike seize the opportunities offered by the new information and communications technologies.

“As the UK becomes a knowledge-driven economy, it is vital that all companies are aware of these changes and how they can take advantage of them.

“This report is intended to be thought-provoking and initiate debate. We need to ensure we have a framework of regulation which empowers consumers and encourages competition and innovation. Work is in hand to examine all aspects of my Department’s regulatory and business support services to ensure they are fully aligned with this goal.”

The report “Converging Technologies: Consequences for the New Knowledge-Driven Economy” is published on the internet at:
www.dti.gov.uk/future-unit .