Prosecuting the liars revisited?

Does anyone remember the Ministry Of Truth? Not the left wing essay blogger, but the BBC documentary that put forward the proposal for a bill to stop politicians lying by having criminal legislation? They had a law drafted which was sponsored by a number of MPs that would make it possible to prosecute a politician for lying.

Many people at the time thought it was a crazy idea, but apparently the campaign, in the wake of expenses, has gained much more support. Dom Jolly seems to be heading it up online as well now (see below). Seems to me that this kind of law, along with recall laws, are going to be a thing of the future... maybe.