That statement – one of few policy proposals in the speech – seems to be a reference to new powers to regulate what is said and read on the internet, as set out in the Conservative manifesto.
I don't understand this move by the UK (and US Governments). They are looking for easy political wins to curb a made up existential threat and using that to justify passing one of the most regressive mechanisms.
To be clear, it is not about privacy. However, it is about being wrong and attempting to look for a simple answer to a complex problem.