Online Harms draft gets most things right, still gives Facebook and friends too much leeway Share Copy Analysis Tech giants face massive fines of up to 10 per cent of their annual revenue if they fail to follow new rules aimed at reducing the amount of harmful content on their platforms, the UK government has decided. The Online Harms white paper, published Tuesday, outlines up the government’s approach following more than 18 months of consultation and will form the basis of new legislation to be introduced in the new year. In it, the government will give the job of developing new standards for taking or restricting illegal and harmful content, as well as investigating and enforcing those rules, to existing regulator Ofcom, with it likely to fund the additional work by fining companies that fail to meet the new rules.