Facebook, Twitter and Chinese-owned TikTok face fines of up to 10 per cent of turnover if they fail to remove and limit the spread of illegal content such as child sexual abuse and terrorist material under laws proposed by Britain on Tuesday.
Tech platforms will also need to do more to protect children from being exposed to grooming, bullying and pornography, the government said.
"We are entering a new age of accountability for tech to protect children and vulnerable users, to restore trust in this industry, and to enshrine in law safeguards for free speech," Britain's Digital Secretary Oliver Dowden said.
Governments are