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Britain could become 'data haven' after Brexit, technology group says

July 17,2016 02:08

Britain could become a “data haven” for online companies after it leaves Europe if EU lawmakers introduce draconian internet rules, according to the industry body that represents the world's most powerful technology firms. Josh Kallmer, head of global ...


It is considering whether to introduce laws for online platforms such as Facebook and Amazon to control how they operate in Europe. The ITI, whose members include Apple, Amazon, Google and Facebook, has urged the EU to take a “non-discriminatory approach” and to carefully consider and new laws.
“The commission… is taking a positive approach, signalling that it is not inclined to impose an ex-ante regime, but will take a pragmatic ex-post, problem-based approach,” Mr Kallmer said. “But if the commmission decided to take a heavy-handed approach to platforms… one could imagine that the UK would take a different approach,” he said.
“For some companies, access to the single market is the most important consideration – even though there are more significant regulatory restrictions. Whereas for other companies it could be their markets are more global, and [they want to do] their business from a jurisdiction that has fewer regulatory restrictions and fewer limitations on what they can sell to the rest of the world. So the UK becomes a more desirable option.”
However, Mr Kallmer echoed concerns from others in the technology industry that the UK could lose out if diplomats are not able to agree laws that will allow cross-Channel data transfers. “It’s not just critically important for the internet companies – the Facebooks and Googles – but [also] for a large number of companies,” he said.

Technology,Brexit,Business,Standard,Europe,Internet

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