“There are only a handful of countries in the world that can, can, can have that less aspiration obviously the US is one. But I think the UK is right up there.”
Referring to the bloc’s strict data laws, he explained: “If you look at GDPR, which Lord Frost mentioned yesterday, it is almost impossible to conceive of being a technology superpower, with GDPR-style regulation because what that does is it prioritises privacy over data flow.
“No one is saying that privacy should be thrown out the window, of course privacy is important, but getting the balance right is the critical thing.”
Mr Singham argued GPDR “swings that balance more towards privacy”.
He added: “So the suggestion is that we’re going to move away from that type of approach and move more into a world where we talk to countries about having adequacy rules and mutual recognition and those kinds of things between regimes that are slightly different.
To read the full article from the Daily Express, please click here.