This bill very specifically concerns startups. Want to create a disruptive service? (e.g. You create a site to allow people to rate insurance sites) - well with this different businesses that say they're in the same industry can accuse you of infringement (e.g. insurance price comparison sites) and have you shut down providing they can convince the secretary of state, meaning that if you have a competitor then you may be screwed if you don't screw first.

It's not necessarily the case that it will fail. The current government uses laws with enabling clauses that are triggered by statutory instruments. Some of these laws include the Regulation of Investigatory Powers Bill (which allows wiretapping by authorised authorities) where authorised authorities were extended from the police to local authorities - who use it to spy on people to make sure they're managing bins properly. Another one is the Serious Organised Crime and Policing Act (SOCPA) which even the head of the association of chief police officers (ACPO) has said was excessive - it allows bailiffs to forcably enter your home and remove your goods before a hearing or trial and to sieze all your property once arrested.

My own personal favourite is the terrorism act, which introduced stop and search if police suspect things that may lead to a terrorist act. People get stop and searched at football matches, on their way to work and so on regardless of suspicion of terrorism. These things are all evil and all believed to be irrelevant but still got through. This is no different.