The European Union’s idea of technological progress seems a bit out of date. In late February, the European Commission released its draft strategy to advance data and AI. Its support for ‘trustworthy’ AI sounds reasonable enough, but reveals a glaring flaw in Brussels’ strategy: a crude, simplistic separation between low and high-risk applications. At the […]
Europe’s relentless assault on American technology continues. The French government is rushing to effect a domestic “digital services tax” after months of unsuccessfully advocating its EU-wide adoption. The new three per cent revenue tax on earnings since January 1 2019 will only apply to around 30 online firms, hence it becoming known as a “GAFA” […]
Jeremy Corbyn said this weekend that automation and the gig economy has released “a more rapacious and exploitative form of capitalism”. He suggests an alternative. Platform firms such as Uber, he says, should be replaced by cooperatives, where gig workers would set their own pay and conditions. Beyond the Marxist connotations of replacing private companies […]
The long-run average price for homes in the UK has historically been around four times income. But since 2001, the ratio has consistently been higher. As of April 2016, house prices were 5.89 times average income, according to the Office for National Statistics, and this ratio may soon surpass the peak reached in 2007. The […]
“Well, in our country,” said Alice, still panting a little, “you’d generally get to somewhere else – if you run very fast for a long time, as we’ve been doing.” “A slow sort of country!” said the Queen. “Now, here, you see, it takes all the running you can do, to keep in the same […]
