The government claims the reforms will boost growth and enhance the economy. Taking five of the key reforms, we look at what is planned, how the proposals compare with the Hargreaves recommendations and what they will mean in practice.
1. Digital Copyright Exchange
The government's plan: The government will bring forward arrangements on establishing an exchange to facilitate copyright licensing, but will not run it itself.
A progress report will be published by the end of this year, with the aim of setting up the exchange by the end of 2012. The government says it should operate as a "genuine marketplace independent of sellers and purchasers" like amazon.com.
The government will work to ensure that Crown copyright materials are available via the exchange and encourage public bodies to do likewise.
Business minister Vince Cable told Managing IP during today's press conference that a "champion" would be appointed to lead...