The CBI has responded to the announcement of the Government’s Data Protection Bill, which includes bringing the European Union’s General Data Protection Regulation (GDPR) into domestic law.
Tom Thackray, CBI Innovation Director, said:
“In the modern economy, data has huge value and its innovative use leads to better services and more productive businesses.
“But firms know that this ability to innovate is dependent on customers having confidence that their information is well protected.
“This legislation strikes the right balance in improving standards of protection while still enabling businesses to explore new products and services.”