Maybe don't over-rate the influence of the industry.
The Conservative party's own members tore it to shreds.
From: https://cybershow.uk/media/episodes/OSB1_r2_2023-08-27.mp3 *
"The source of the bill itself, the UK Conservative Party, has a significant number of its own critics calling it "fundamentally misdesigned" David Davis said its well-intentioned attempts may constitute "the biggest accidental curtailment of free speech in modern history."
(* sadly my other sincere comment has been buried by people who apparently can't read past the first line)