Digi minister confident of adequacy decision post-Brexit
First of all, even if the UK provides adequate safeguards, which is doubtful given the GCHQ revelations over the last years, it still wouldn’t be an automatic member of Privacy Shield. It would have to formally request membership by both the EU and US. Keeping in mind that the US has proven to be considerably less forthcoming of giving the UK ‘a good deal’.
And Secondly, by the time the UK leaves the EU, it is questionable if Privacy Shield will still exit. It offers little in improvement over Safe Harbour agreement previously overturned by the EUCJ.
What that means is that it will be illegal for any company to store sensitive data of US or EU citizens on UK soil. All data must be stored and handled in facilities in countries part of the agreement.
So in words that Brexiteers might understand. Good bye to your IT industry, or around 8% of the UK’s entire GDP.
