The UK government needs to take some large steps to provide the assurances that the technology sector needs.
Britain’s decision to leave the EU will challenge the ability of UK technology companies to innovate and grow. Companies have previously relied on the benefits of EU membership such as the freedom to manage and transfer data across the EU, and free movement of skilled labour to create huge opportunities for creativity and collaboration across the technology sector.
This creates a growing divide between British and European attitudes to data privacy. Recently, the EU demonstrated its commitment to strengthening privacy laws and cyber security regulations with the General Data Protection Regulation (GDPR). The new law aims to improve privacy standards across the EU.