Economics

A No-Deal Brexit Would Throw Billions of Data Transfers Into Legal Limbo

  • Firms face mountain of paperwork to avoid breaking data laws
  • U.K.’s position as global data hub at risk, trade group says
The shadow of a pedestrian carrying a shopping bag is seen on the floor tiles of the Easton Town Center shopping mall in Columbus, Ohio, U.S., on Tuesday, Aug. 23, 2016. The Conference Board is scheduled to release consumer confidence data on Aug. 30.

Photographer: Luke Sharrett/Bloomberg

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If Britain hasn’t secured a deal to leave the European Union as the clock ticks past 11 p.m. on Oct. 31, billions of data transfers could be thrown into legal limbo.