Mr. Liam Herrick:

As I made reference to earlier, it is specifically with regard to the regulation of social media. We all know now that errors were made at a European and national level with the ineffective models of regulation of social media. We have all lived with the consequences of that in the context of how social media has managed to visit significant harms. We need to be cautious. Deputy Geoghegan made important points about how we are regulating and pointed out that other regions of the world are regulating in different, very often much weaker, ways. Everything that happens within the European Union is governed by the Charter of Fundamental Rights, which is, I agree with Deputy Geoghegan, a great strength of the European model. We need to be careful not to sacrifice it. There are clearly very strong commercial interests that are pushing for weaker and lower levels of regulation in this area. We should be wary that they are some of the same entities that were calling for weaker regulation of social media 15 years ago.