To ask the Secretary of State for Digital, Culture, Media and Sport, with reference to her Department’s report, Data: A New Direction - Analysis of Expected Impact, published on 10 September 2021, whether the estimate of £1.45 billion for the net direct monetised benefit of the proposals over 10 years in Section 1 Paragraph.4 takes into account of the (a) change in the level of additional compliance costs and (b) retention of trade if EU data adequacy status is maintained.
24 September 2021
The methodology and data used to develop the analysis is described in the report. It accounts for the variation in compliance costs across different scenarios with respect to the UK's EU adequacy decisions.
As set out in the report, this analysis is open to consultation. We are seeking further information at this stage in order to robustly quantify these impacts, including on trade, as we build a more detailed impact assessment. The Government would welcome responses to the consultation on this topic.