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All this speculating about what and what may not be allowed at the release stage (and rules of registration later), is getting us nowhere. The proposal is directed at closing the door on domainers in the UK space , as much as about new revenue
Not when you do the math with a few estimates of what the takeup of .uk might be (compared to the existing pool of 10 million *.uk registrations) and compare that to Nominet's current annual revenue of about £25 million (and £3,000,000+ windfall from the short domain auction last year). They're going to be buried under an avalanche of cash in any "realistic" scenario one can project.
Sure, there will be champagne flowing in some quarters at the idea that domainers will be ground under the wheels of this plan, but with the eye-watering sums involved and the transparently obvious lack of business need or rationale for the launch, the primary motivation MUST be financial. The rest is just "beneficial collateral damage".