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IP must be at the centre of the economy

The CBI Intellectual Property (IP) Committee recently stressed the importance of IP as an economic issue to IP minister, David Lammy. Committee members emphasised the need to support knowledge intensive businesses as IP will be a key driver of economic recovery and of the UK’s future international competitiveness. They also stressed the need to ensure elements of the IP framework work effectively domestically and internationally.

Patent protection essential

The CBI has told the EU Commission’s Pharmaceutical Sector Inquiry that a strong patent system is important to businesses of all types. In response to concerns that patent protection is used to delay the entry of competitor products, we emphasised that patents are vital to encourage businesses in every sector to make substantial investments in R&D. Building a knowledge economy based on IP is critical to the UK’s future competitiveness and weakening patent protection will ultimately damage economic growth and employment.

Key issues in summary

For the latest CBI thinking on e-business, see our business summaries.

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