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My opinions about this are not suitable for publication in a family webforum.
While I agree 100% with your sentiment about copyright in general, from the article it seems that they are simply matching EU regulation.

Are you from the UK? Care to explain how this could potentially affect your country if you are? If not your opinion would still be highly valued. I'd like to know more.

I used to live in the UK, but my objection is general. I'm pro copyright in theory, but 'life of author + 70 years' is wildly excessive in my view. None of these designers would have attained their success without the ability to lift ideas from other designers.
I am a very strong supporter of copyright, but I do have to ask- what works will be created with this new term that would not have been created under the old term?

My belief is that the answer is: Exactly none.

So where is the benefit to society?