Rather than ekeing out any business advantages in digital sectors through regulatory divergence from the EU, the UK may well end up seeing its digital sectors squeezed by US and EU efforts to regulate the digital sphere over which the UK has no control https://www.washingtonpost.com/world/europe/eu-tech-google-amazon-facebook/2020/12/15/fb0321d6-3e4c-11eb-b58b-1623f6267960_story.html?utm_campaign=wp_the_technology_202&utm_medium=email&utm_source=newsletter&wpisrc=nl_technology202
In trade and geopolitics you are either at the table or on the table.
A UK unable to influence regulatory demands made of the tech sector by the EU, US and China risks getting locked out of the biggest markets the moment great powers feel the UK is trying to undercut them
A UK unable to influence regulatory demands made of the tech sector by the EU, US and China risks getting locked out of the biggest markets the moment great powers feel the UK is trying to undercut them
The de jure right to diverge is meaningless if your businesses are dependent on key export markets to the extent that they do not have the de facto power to diverge