β οΈ
CONTESTED ESTIMATE
Significant methodological disputes. View caveats below.
π£οΈSpeech
Free Speech Deregulation
Upfront
+Β£100m
Annual
-Β£200m
Revenue
+Β£2.0bn
Net Annual Effect
+Β£1.8bn/year
Payback in 3 years
GDP +0.4%Productivity +0.1%very high uncertainty
UNCERTAINTY RANGE (Annual Net Effect)
Most Pessimistic
-Β£5.0bn
β·
Most Optimistic
+Β£8.0bn
β οΈ
MAJOR CAVEATS
- β’Economic impact highly uncertain - both regulation costs and deregulation benefits contested
- β’UK already below US on speech protections; deregulation moves toward international norm, not outlier
- β’Platform self-regulation may continue regardless of law (advertiser pressure)
- β’Current restrictions have not prevented social harms (Southport riots occurred despite Online Safety Act)
- β’Counter-argument: coordination costs of harmful content are real but hard to quantify
- β’International advertisers may prefer clear rules to ambiguous liability
- β’Track record of speech restrictions: 9,700 arrests in 2024 yet Article 19 downgraded UK
- β’US speech regime correlates with world-leading tech sector and research output
3 sources