Vince Cable: tech sector threatened with ill-thought-out legislation

Responding to Jeremy Hunt's letter to large tech corporations, leader of the Liberal Democrats Vince Cable said: "Although clearly action must be taken to address the disproportionate power of large tech corporations, Hunt is wrong to threaten this sector with more ill-thought-out legislation.  "Technology and social media are here to stay, and we must establish a long term solution rather than allow MPs to rush out with outrage and criticism, making erratic, piecemeal changes every time they want to score political points. "As outlined in my speech earlier this week, we need an independent standards body with the ability to hold the tech industry to account."