Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, what assessment she has made of the impact on the creative industries of the ending of the Adequacy Agreement with the European Commission in data protection.
UK Government recognises the importance of the EU-UK data flows to cooperation and economic activity across a broad range of sectors, including the creative industries.
The UK Government published an assessment of the impact of changes to our adequacy status with the EU as part of the Data: a new direction consultation. This assessment estimates that the total direct, financial impact on UK businesses economy-wide would be approximately £1.4 billion over five years. The assumptions underlying this estimate are currently being updated by the department and a statistical model that will estimate the sectoral impact will follow.