Nearly every EU country is documented to have similar programs, not just the UK. Some are even much more aggressive about industrial espionage - for example, France. When European politicians make noise about using European-based services, it isn't so they can be sure your privacy is protected, it's so EU-based organizations can access those servers without having to negotiate with the NSA. As a side benefit, they can claim it's good for the local economy.

The NSA revelations are just a pretext. Every European country knew exactly what was going on; they were complicit in it and they had varying levels of sharing agreements with the NSA.