From the speech:
"The founders of Google have said they could never have started their company in Britain. The service they provide depends on taking a snapshot of all the content on the internet at any one time and they feel our copyright system is not as friendly to this sort of innovation as it is in the United States. Over there, they have what are called ‘fair-use’ provisions, which some people believe gives companies more breathing space to create new products and services. So I can announce today that we are reviewing our IP laws, to see if we can make them fit for the internet age."
See also the IPO's press release on the scope of the review.
From the Speech given to the Confederation of British Industry - 25 October 2010:
"What business does however need to know to promote growth is that there are clear, consistent rules to govern business behaviour. Which brings me on to competition policy. Competition is one of the great drivers of growth, keeping prices low for consumers, driving innovation, experimentation and investment. When I used my party conference speech to suggest the need for a more active competition policy, this was interpreted as some kind of modern Marxism. Far from it – this is a defence of capitalism, not an assault. And the UK’s competition regime is regarded as one of the best in the world – particularly because of its independence and the transparency of decision making. And the EU regime on top of it – including the system of state aid rules that helps to prevent subsidy wars - is one of the Community’s most successful activities. But there is scope for improvement. In particular, there are difficu…
The winner has been announced, here. My pick: A crafty inventor called Fred Built an aircraft entirely from lead When they cried "Why Fred Why?" "You know it won't fly!" "Not obvious for patent" he said.Chris Torrero
– "continuing to support the work of Member States on copyright limitations and exceptions, with a particular focus on improving access for visually impaired and other persons with print disabilities, while accelerating work with respect to access for persons with other disabilities, educational institutions, libraries and archives; – continuing to support the work of Member States on the protection of audiovisual performances and on the protection of broadcasting organizations; – exploring the scope for discussion of new issues with important global consequences, such as orphan works or the need for increased cooperation between copyright owners and Internet intermediaries in the making available of legitimate creative content, and encouraging consideration of self-regulatory, as well as formal solutions".