No-deal Brexit could imperil UK-EU data economy
Thursday, August 22, 2019
Subject
UK-EU data flows post-Brexit.
Significance
Recent publication of the UK government’s no-deal Brexit plans highlight the difficulties that could arise in transferring data between the EU and the United Kingdom in the event of such an outcome.
Impacts
- Data protection requirements may prompt EU companies to avoid the United Kingdom as a host for their data.
- This would undercut UK digital companies that rely on such data as a part of their business model.
- Firms dependent on data transfers within the EU are likely to relocate parts of their businesses to another member state.
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