The move is part of a wider government scheme to get the UK onto all-digital high-speed networks running on fiber-optic infrastructure, and the legacy phone service – with its dependency on copper cabling – was standing in the way.
Not surprising that the government is involved; using new technology for new installations is acceptable, but cutting off existing paying customers with service that may have been working just fine for many decades is hostile.
I'm not in the UK, but my house has had a working landline since I bought it many decades ago, and I don't expect that to change anytime soon.