There's a more detailed version of the story with legal analysis here:
http://arstechnica.com/tech-policy/2013 ... ing-video/
As far as I can tell UK internet users have nothing to fear from this development at present.
Website is subject to occasional intereference from an unknown source...
http://icserver.no-ip.biz/coventry/
http://icserver.no-ip.biz/coventry/viewtopic.php?f=6&t=30446