That's a private member's bill, as my colleague has just said, so I haven't studied that.
The government's direction right now is not to regulate AI, but rather to give existing regulators the powers that they need, which includes running sandboxes to beta-test generative AI and machine learning applications.
The government has said that yes, there's a set of principles. The U.K. government of the day has said that it's not going to regulate a specific technology at this point. Instead, it's creating an AI institute to look over all digital regulation and to encourage digital regulators to work together. That is in contrast with the EU, which is in trilogue right now, as you know. The EU has an AI act that is comprehensive and reads like a product safety statute.
There may be a brilliant private member's bill, but the government's preference is really to support existing regulators when it comes to this new technology. It's taking a “wait and see” approach.