News

CBI warns EU data protection changes will cost UK plc

Simon Quicke

The CBI has warned that data protection reforms proposed by the EU could end up costing British businesses tens of thousands of pounds.

The industry group has made a submission to the Ministry of Justice, which is collating responses to the data protection proposals, highlighing the potential costs that companies will have to make to stay on the right side of the law.

Some of the compliance costs the CBI believes could be picked up by UK firms include changing iT systems, retraining staff and reissuing customer terms and conditions.

It adds that some will have to appoint a data protection officer at a cost of up to £75,000 a year.

There will also be a potential impact on taxpayers as the Information Commissioners Office has to invest to expand its role.

"We're concerned that the EC's proposed data protection reforms will put European businesses at a competitive disadvantage in a global market, by placing restrictive controls and high cost-burdens on innovation and investment," said Matthew Fell, CBI Director for competitive markets.



Join the conversation Comment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.