From businesses to creators, the Bill should be seen as an opportunity for the economy. Creators are asking for something reasonable: partnership, not appropriation. They want to be asked, not simply taken from. As we all vote today, I urge Members to keep that in mind. It is a bittersweet irony that this week in Parliament there is a display celebrating the art of Parliament. There are more than 10,000 pieces of work in the archives, from Adebanji Alade to Céline Baumann. They tell the story of our democracy, culture and country. I was struck by one of the latest acquisitions, “The Magic Hour” by Katharine LiBretto. It is a bewitching screenprint that has the silhouette of Parliament. I hope that now is that magic hour, when the Government can find a way forward to value creatives and set a new path for the future.
Samantha Niblett Portrait Samantha Niblett (South Derbyshire) (Lab)
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I draw the attention of the House to my being the founder of Labour: Women in Tech and the co-chair of the all-party parliamentary group on financial technology, and to my career in data and technology prior to becoming an MP. I welcome the Government’s new approach to innovate and expedite the process and to leverage the expertise of both Houses and key stakeholders. I thank them for their work on that.

Just under a month ago, the UK hosted FinTech Week and the global fintech forum, where businesses and Government leaders from around the world came to participate in critical conversations about the importance of the trusted global financial services ecosystem for the physical and digital worlds. Attendance was so senior and strong because after the global financial crisis the UK had to move quickly to a new model, and hence fintech was born. A lot of great work was done in this space by the Conservatives when they were in government, even if they could not get their act together over AI and keep the attention of AI companies. Government regulators, incumbents, entrepreneurs and investors worked together with alacrity to create an ecosystem that led the world into fintech. We created tens of thousands of new jobs, brought in tens of millions in inward investment and created more than 20 billion-dollar companies.

We are in the middle of London Tech Week, which is happening a few miles away at Olympia and was attended by the Prime Minister. There is a technology challenge in the creative industries that needs addressing now, which is why it is great to hear the news today. This is an emergency, and the emergence of AI in recent times has created opportunity and new threats for creatives, who rightly worry that their work is often appropriated by AI without reward or recognition. However, we can be a pioneer in this field, developing trusted solutions that protect creatives and set the standards that others will follow. We have demonstrated our ability to do that in the past with fintech, in which the UK holds a 10% global market share.

The UK’s secret sauce is a unique blend of not just our brilliant talent, light-touch regulation, common business language and soft power, but our common law, which is used by other countries. We are an exemplar. Other countries look to us to lead the way. A crisis is at the door, but we have an opportunity to be on the front foot, ahead of other countries experiencing the same challenges and watching us closely. This country always steps up in times of crisis. The UK can and must take a leading position on the fair use of AI in the creative industries and help to protect our creatives and their work, which are rightly celebrated across the world.

Engagement with global players in the ecosystem is important, but we should also be far more focused on the UK’s home-grown talent and inventive mindset to solve the biggest puzzles. We can move quickly when we need to, and my message to the Secretary of State and to this House is that we really need to, and have to.

Nusrat Ghani Portrait Madam Deputy Speaker (Ms Nusrat Ghani)
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I call the Chair of the Culture, Media and Sport Committee.