Re: And nothing much will change for 95% of companies
The problem I see with this is that if the prevailing legislation doesn't meet GDPR requirements and something like the proposed public body data sharing comes into play then it might be impossible to claim GDPR compliance.
Never mind, companies can just set up an EU subsidiary to do what would otherwise have been done in the UK, or even just move the whole business to the EU. In the meantime the UK remains the best place in the whole world for something or other. What was it? Ah, yes: taking back control.