The issue is that Ofcom has already been completely captured by the government, in a way that not even the awful BBC has been fully. They already only act against the government's enemies and do nothing on ironclad cases that oppose the government's interests. This has been a growing problem for a decade, but is neatly demonstrated by this parlimentary committee hearing a few weeks ago. I'd suggest that Ofcom will continue to be inept when it's in the government's interests and surprisingly swift and capable when it's in the government's interests.

I agree more on the tech sector stuff, but that's assuming they don't just contract it from Israel or the some NSA cut out contractor.