British business and finance are holding their breath. I can’t remember such urgency and unanimity from every nook and cranny of British business. The Japan-UK trade deal drops necessary privacy and protection standards for data trade, again barely reported. The EU cannot allow Britain’s financial services industries and hi-tech companies to opt out of conforming to EU data standards, otherwise Britain just becomes a global data-washing hub. Without a deal on data standards, as the international director of the Financial Conduct Authority warned last week, British financial services stand on a cliff edge.

Source: The Guardian November 15, 2020 08:37 UTC