The pandemic has led to major changes in how we work and live. Most striking is the accelerating growth of the data economy and its dominant digital giants. We must bring our data under local, democratic control.
These days, virtually every action we take produces some form of digital trail. This report sets out what public policy for the data economy should look like, as part of building a fairer, more sustainable economy for the future.
The future will have less cash. By 2028, forecasts suggest that fewer than one in 10 UK consumer payments will be made using cash.
Automation will produce significant productivity gains that will reshape specific sectors and occupations. These gains are likely to be recirculated, with jobs reallocated rather than eliminated, economic output increased, and new sources of wealth created.
The time we spend online is political. We may not think it so, but our engagement with the digital world is increasingly resembling a product that is stored, studied and sold.
At the forefront of the platform economy are Facebook, Alphabet, Amazon and Apple – they have accumulated the most data, developed the most advanced analytical capabilities and gained greatest ownership...