Firstly, this speech is important because it marks the official agreement of UK to adhere to GDPR. And it seems fully so, at that.
Second. UK SME’s are in for a rough ride. We, in the compliance industry knew that. Now we are certain.
“When it comes to data protection, small businesses tend to be less well prepared. They have less to invest in getting it right. They don’t have compliance teams or data protection officers. But small organisations often process a lot of personal data, and the reputation and liability risks are just as real.”
So there you have it. But do not forget:
Not the end of it.
The abridged version on the ICO site is HERE.