Let me first draw attention to my entry in the Register of Members’ Financial Interests. Let me also apologise for missing the Minister’s opening remarks—I was taken by surprise by the shortness of the preceding statement and had to rush to the Chamber.
May I take the Minister back to the subject of compliance costs? I understand that the projected simplification will result in a reduction in those costs, but does she acknowledge that a new regime, or changes to the current regime, will kick off an enormous retraining exercise for businesses,
many of which have already been through that process recently and reached a settled state of understanding of how they should be managing data? Even a modest amount of tinkering instils a sense among British businesses, particularly small businesses, that they must put everyone back through the system, at enormous cost. Unless the Minister is very careful and very clear about the changes being made, she will create a whole new industry for the next two or three years, as every data controller in a small business—often doing this part time alongside their main job—has to be retrained.