Isn't it just England, not the UK? And the amount of lawyers you can field still makes a difference, even in the UK. So I guess the ol' boys at the BBC won't be shaking in their Savile Row suits.

Just a few weeks ago a reform of the libel law went one step further, although I don't know if that would apply here. As far as I remember it was mostly to prevent suing people who weren't UK residents, which certainly won't help the BBC.