(7 years, 2 months ago)
Commons ChamberThe firms in my hon. Friend’s constituency are absolutely right. If we do not achieve that adequacy declaration, it will become illegal for personal data to be exchanged between the UK and the countries of the EU, and there will no longer be a lawful basis for large swathes of businesses in the country to continue to operate.
Perhaps we can draw an analogy with my right hon. Friend’s earlier remarks about the customs union and single market and say that the Government are seeking an adequacy agreement, but not in name on this occasion.
The problem is that if it is not an adequacy agreement in name, it is not clear what it is. [Interruption.] Yes, an inadequacy agreement, perhaps.
We also need this to be clarified soon, because otherwise businesses will have no alternative but to make arrangements to shift the activities into the other EU countries to avoid the risk of them no longer being lawful—and if this is left to the last minute, with some late-night deal at some distant point, these companies will have gone.