On Tuesday 28th February Adam asked Chancellor of the Exchequer for an update on the work that they are doing to make Britain a better place for private sector firms to invest:
Treasury Questions – Tuesday 28th February
Adam Afriyie (Windsor, Conservative): I very much welcome this Government’s healthy commitment to scientific spending over several years, but it seems that our business investment in research is below the OECD average. May I urge the Chancellor to examine measures that will increase private company business expenditure on research?
David Gauke (Chief Secretary to the Treasury): As the Chancellor announced at the autumn statement, the Government are significantly increasing investment in research and development, rising to an extra £2 billion a year by 2020-21. We have also made the R&D tax credit regime much more generous. We want to ensure that the UK remains an attractive place for business to invest in innovative research.
You could be forgiven for having never heard of a “blockchain”. When I raised the issue of blockchains in Parliament it was the first time the word had been recorded in the Hansard record of parliamentary debate. It hasn’t been mentioned again.
Yet at tech events and forums discussion is ablaze with the seemingly limitless possibilities of blockchains, with some claiming they will transform the internet in the same way that the combustion engine revolutionized road travel. But what is this revolutionary new technology?
With the publication of new Investigatory Powers legislation due this week, Adam Afriyie MP, a former technology entrepreneur and Chair of the Parliamentary Office of Science and Technology has said that a crackdown on encryption technology would be economically irresponsible and ultimately futile.
In an article, published on the Telegraph Online, Adam Afriyie writes:
“The Government is rightly concerned about the risks of digital encryption technology, in the same way that it was concerned about invisible ink, encoded letters and faxes in the past. If there is substance to rumours of a crackdown on encryption in the publication of new Investigatory Powers legislation, it would be as mistaken as it would be ineffective.