An overwhelming majority of UK businesses are expecting 2015 to be as good as, if not better than, 2014, with just 3% predicting a worse year, according to an economic outlook survey by Silicon Valley Bank.
UK businesses stand to benefit from understanding how they can prepare for potential EU data protection reforms. The EU is currently reviewing the European Data Protection framework in order to ensure that European law is fit for purpose for the digital era. In particular, officials will seek to safeguard individuals’ fundamental rights as their data is used in ever more diverse ways. Fines of up to 2% of global turnover are proposed for companies breaching the new legislation.
UK businesses keen to protect their products and technologies through patents and design rights may benefit from changes proposed by a new Intellectual Property Bill, says the Intellectual Property Office.