Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Digital, Culture, Media and Sport, with reference to her Department’s report, Data: A New Direction - Analysis of Expected Impact, published on 10 September 2021, if she will publish a 10-year equivalent for the estimates of trade impacts set out in Section 3 Paragraph 71 for ease of comparison with the 10-year estimates of net direct monetised benefit set out in Section 1 Paragraph 4.
The methodology and data used to develop the analysis is described in the report. It accounts for the variation in compliance costs across different scenarios with respect to the UK's EU adequacy decisions.
As set out in the report, this analysis is open to consultation. We are seeking further information at this stage in order to robustly quantify these impacts, including on trade, as we build a more detailed impact assessment. The Government would welcome responses to the consultation on this topic.