Is the UK going to be ready for EU GDPR?

With just under 12 months to go until the European Union imposes new data protection regulations, there seems to be a growing sense of unpreparedness throughout the industry.
Perhaps it’s because of the timeframes which were involved, or a misunderstanding of what the task actually is, but non-compliance could be a very costly mistake. Considering the fines can be as much as €20 million or 4% of annual revenues (whichever is greater), there is a genuine risk of bankruptcy.
That is cer