Re: UK will pull out of GDPR
The UK pulling out of GDPR would be massively stupid in economic terms, although I wouldn't put it past the current government to take this step.
I am currently working for a SaaS company, based in London, selling worldwide. As the UK is still complies with GDPR we can process EU data, however, once the UK pulls out we won't be able to do this, and would need to move jobs to an EU subsidiary.
It is also unlikely Facebook and Google would move from Ireland. Ireland is covered by GDPR, and it is only the favourable tax conditions plus and English speaking population that attracts these companies to this country in the first place. Prior to COVID I could see the UK becoming a low tax country, however, with the massive COVID debts and an ageing population that is now unrealistic.