You're probably right, but the problem is the political precident that's set. Once a major western government codifies this into law, it becomes a little bit easier and more self-justifiable for other world governments to follow suit.

Every relevant player here needs to be swift and unequivocal about pulling out of the UK if this becomes law. It's needs to result in a PR disaster and loss of power for the UK government so the world can see what bafoons they are and no one else dares to make the same ill-fated attempt.

The tech industry has an ethical responsibility to unequivocally reject this.