Will new UK data laws put adequacy agreement with EU at risk?

A data adequacy agreement was signed between the UK and EU last year, despite some opposition from MEPs, allowing free flows of data to continue across the channel. But this will be reviewed by European lawmakers on a regular basis as the UK changes its domestic data legislation. If the agreement were voided by the EU, UK businesses could lose more than £1bn in reduced trading revenue and £420m in compliance costs over five years, according to government figures shared by the Centre for European Reform.