Martha Lane Fox, keynote speaker at today's CMS Real Estate Conference, has made a bold proposal to establish a new UK Office for Responsible Technology, or 'ORT'.  She suggests that this is needed to overcome the fact that a plethora of regulators, from the CMA to the ICO, are struggling to function in a digital world. 

Fox is right that regulators are grappling with an increasingly obvious lacuna in their powers. Each body has a narrow focus; the harm that each was established to address keeps morphing in the fast-moving tech world. How to address the harm that certain tech businesses are perceived to cause when they often claim (quite rightly) that they are playing by all of the existing rules?

A more holistic approach is surely to be welcomed, although some might say a broader remit brings greater capacity for error; and a risk of trying to pick winners (or indeed support losers). Post-Brexit, it will also be interesting to see whether moves towards a more values-based system can balance questions of whether this would impact on UK inward investment.