£49bn

30th September 2020

According to government estimates from 2017, the UK has a £49bn trade surplus in ‘data enabled services’ trade with the EU. The UK imports £31bn worth of those services from Europe, but exports £80bn.
And that’s why

1. It’s crucial that the UK secures a ‘data adequacy’ judgement from the European Commission by the end of the year
2. As The Guardian explains, it’s very unhelpful that the government seems to suggesting that the UK will diverge from the current ‘GDPR standard’ of data protection

The Guardian article is here.