My hon. Friend hits the nail on the head. The answer, of course, is that it is because of all three of those reasons that we do not have before us an imaginative bill of digital rights, but the times do call for it.
In the early days, when we were writing great charters such as Magna Carta, the threats to ordinary citizens were from bad monarchs. We needed provisions such as Magna Carta and the Bill of Rights and the Glorious Revolution to protect the citizens of this country and their wealth from bad monarchs who would seek to steal things that were not theirs.
What we now confront is not a bad monarch—we have a fantastic monarch—but the risk of bad big tech. The big five companies now have a combined market capitalisation of some $2.5 trillion, and they are up to all sorts of things. They are often protected by the first amendment in the United States, but their business—their bad business—often hurts the data rights of citizens in this country.
That is why we need this new bill of rights. We have to accept that we are on the cusp of radical and rapid changes in legislation and regulation. I often make the point that over the course of the 19th century there was not one Factory Act but 17 Factory Acts. We had to legislate and re-legislate as technology, economics and methods of production changed, and that is the point we are at now. We will have to regulate and re-regulate, and legislate and re-legislate, again and again over the decades to come. Therefore, if we are to give people any certainty about what the new laws will look like, it would be a sensible precaution if we were to write down now the principles that will form the north star that guides us as we seek to keep legislation up to date.