I don't doubt that. But again, it is secondary legislation. It's highly amenable to ministerial and parliamentary scrutiny, and it will be amended.

That is exactly the problem. It's unpredictable, and in the hand of a government with a serious authoritarian and pro-censorship attitude.

I get the feeling that that's why Wikimedia UK is taking this particular course.

Also creates system for brown envelopes, so only well connected to the establishment could get an exemption.