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@fasih
Just a couple of quick points - the law hasn't changed yet. It is just a proposal and it hasn't even been made formally. If you remember back to 2009 when they tried to create central database of every communication the ISPs basically said it wasn't possible to monitor all their subscribers because of the associated cost and technical complexity. Funnily enough that move was opposed by the Conservative Party.
However back in 2009 the EU directive for ISPs to store all call info, email and internet access came into force. The important thing is there was never any remit about storing the actual content, just the fact you visited a site or sent MrX an email.
This time round it sounds like they are increasing the powers that law enforcement have with accessing the content associated with your interation. Now the BBC article I have linked below uses the term 'real time' which technically is infeasible. The best they can do is see your requests, then piece together your interactions.
Think of it like 'The Wire' but on a grand scale, which again is the problem. No one can monitor everything!
Now I'm not saying don't rush to use some proxy service or don't encrypt your drives. (I do encrypt one of my drives, and I use Tor on occasion.) But I have a feeling this proposal is not going anywhere.
Not all politicans are going to support such a move, plus now that this information about such a proposal is public people will be writing articles and posting on forums about it.
http://www.bbc.co.uk/news/uk-politics-17580906