New analysis by the UK Trade and Business Commission (UKTBC) reveals that the UK’s most valuable fintech companies have been more badly impacted by staff layoffs in the past year, compared to their EU based counterparts.

Responding to the news that Britain is set to replace the General Data Protection Regulation (GDPR) with its own ‘bespoke’ system, Alison Williams, member of the UK Trade and Business Commission and Global Head of Data at DunnHumby, said:

In a session of the cross-party UK Trade and Business Commission examining digital trade and data, expert witnesses issued stark warnings on the potential damage of diluting Britain’s data protections both by changing regulations and by signing new trade deals which expose UK rules to legal challenge.