@Fonant "I run a handful of web servers that also handle customer email, so my company certainly provides internet services. I don't provide ADSL or other forms of internet connection. Am I an ISP?"
Depends how you classify yourself, but you're a CSP and this shite covers you too. An ISP is just one type of CSP. [Communication Service Provider]
Under the old regs, they had to contact you and inform you that you should be collecting this data, if they didn't do so, you were free to not store the logs they wanted.
I assume this might* end up being the same, gathering the data on 99% of the population via the big providers (small providers in the main just resell wholesale products so data will be collected at source by the wholesaler, as will be your email clients data) will be good enough for what they want, as it's not about public safety anyway.
Whatever they do will fail to collect 100% of communications data, which is what you would need to do to satisfy the "What if" questions they'e posing as justification for this intrusive state thought control program, additionally the "entities that threaten our way of life" will be using many diverse methods to avoid their data being collected.
However the statistics for detected crime will rise. Now in addition to searching your computer to see what other petty crime you might have committed when you are arrested for stealing a bottle of water, they will be able to search your complete communications history to see what other charges they can lay at you feet. So much easier to "detect" this type of crime than to actually prevent real crimes in the first place.
I note that the bill only requires the CSP to store data for 1 year, but there's no mention of the data that is transferred to GCHQ or Police databases being deleted, media agencies don't appear to be asking the right questions again, which seems to be a running theme.
Why havn't any news organisation asked the opinions of former resident's of East Germany to see how they feel about state monitoring of the population?
Welcome to UK.Stasi WE are watching YOU, EVERYWHERE