That's what seems to be in process in the form of the Investigatory Powers Bill. The bill has been called "worse than scary" by the IN's privacy chief. The cornerstone of the bill is a government database that stores the web history of every citizen in the country. The government will be able to hack individuals, internet infrastructure, and even whole towns — if the government deems it necessary. There will be no judicial oversight.
The UK government will keep a record of every website every citizen visits for up to a year, with this information also including the apps they use on their phone, and the metadata of their calls. This information won’t include the exact URL of each site someone visits, but the base domain. Each Internet Service Provider (ISP) and mobile carrier in the UK will have to store this data, which the government will pay them to do. Police officers will then be able to access a central search engine known as the "request filter" to retrieve this information.
Furthermore, any discussions between tech companies and the UK government will take place in private. Any warrants issued to a company to decrypt users’ data will come with a gagging order, forbidding the firm from discussing it.