Source item

Oof. The Labour Party’s intellectual justification of this is flimsy. It’s even more concerning since they seem to have married this idea to a naive understanding of how the economy works. The journalist does a good job in exposing this. To implement this kind of program successfully, you need a robust public/private partnership that pulls in, at a minimum, every major financial institution so that no deposits can happen without this ID. Otherwise, this is a Swiss cheese surveillance op at best. Separately, if the UK can’t attract the technical expertise to implement this properly, they will have inadvertently created a massive honey pot of PII for all manner of bad actors to attack/hack. Very hard to see how all of this can happen properly within even the next few years. See India and UPI for an equivalent example…