Bloomberg Law
March 9, 2023, 2:52 PM

UK to Relax EU Data-Protection to Cut Business Costs (Correct)

Olivia Solon

The UK unveiled plans to relax some data protection requirements under the European Union’s General Data Protection Regulation, a move that was cautiously welcomed by businesses but criticized by privacy groups.

Legislation first introduced last summer as a way for British firms to save costs by reducing compliance burdens was revised after consulting with businesses and data protection stakeholders, the Department for Science, Innovation and Technology said.

The government estimated that reforms in the Data Protection and Digital Information Bill could save companies more than £4 billion ($4.73 billion) over 10 years.

“Our new laws release British businesses from unnecessary ...