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UK Takes Stock of Sharing Economy in Step Towards New Legislation

Samantha Shankman

Photo Credit: Branding at an Airbnb meet-up in London.  Flickr / Airbnb Community

Skift Take

This "review" is positioned in such a way that it could only come out with a pro-sharing stance, which in itself is not a negative but undermines the real work that needs to be done to legitimize such businesses while protecting workers' and consumers' rights.

The UK is launching a comprehensive independent review of the sharing economy, Matthew Hancock, UK Minister of Business and Innovation announced today. The government estimates that a quarter of UK adults currently share something — from power tools to their homes — online and that current global revenues could grow from £9 billion ($15 billion) today to £230 billion ($374 billion) per year by 2025. The goal of the review to understand the main issues and regulatory burdens faced by sharing economy companies and explore its benefits in order to form recomm

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