No-deal Brexit will ‘instantly disrupt’ UK’s role as £174bn global data hub
by Toby Helm Political Editor from on (#4NXAS)
University College London report warns of significant legal, economic and social disruption
A no-deal Brexit would seriously disrupt the free flow of commercially valuable data between Europe and the UK, leaving companies across the finance, hospitality, manufacturing and technology sectors facing "immense" extra costs, according to a new study by University College London.
The report, to be published this week, says potential problems post-Brexit with data transfers have received "minimal attention" in the debate over the UK's exit from the EU, but could turn out to be as serious to the economy as more visible issues relating to cross-border trade.
Continue reading...