Simple solution to domain squatting
If someone buys up a .uk already in existence as a .co.uk (.com or .eu) with a registered company, Nominet transfer ownership to that company at no charge - after all, its already been paid for. This would stop the squatting, and also show that Nominet is not in it just to milk the punters (unless they are, in which case, shame on them, and let's lobby the next government to being them down.)