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Subject

EU cybersecurity.

Significance

The European Parliament (EP), Council and Commission last week reached an agreement on a new Cybersecurity Act. The proposal requires final ratification from the EP and the European Council to be enacted.

Impacts

UK-headquartered technology firms will find it harder to maintain access to European markets post-Brexit.

Brexit will likely widen the cybersecurity skills gap in the UK labour market.

Tighter European cybersecurity will facilitate regional advancements in artificial intelligence applications.

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