Mr. John Palmer:

It certainly wants to be if it is not. In respect of the social media companies and so forth, it has to be whoever regulates them, which is ComReg, I think, that can get them to take action. That said, one of the big principles that the Commission has to highlight in its impact assessment when it produces proposals is the "one in, one out" thing. When you bring in something, are you taking something out? It is far too easy for us to regulate and introduce burdens and obligations on the basis of this or that being a good idea. Again, who is taking the overall view? We can end up with serious overregulation, which may affect competition, affect new entrants and erect barriers to entry. It is a broad topic, but we have to careful with what we are doing.