Except Cameron wants to backdoor end-to-end encryption like iMessage/Whatsapp, rather than mess with something like SSL. With SSL they can just get a warrant (or you know, don't get a warrant) and look at the server, where everything is in plain text. One possible way to backdoor it might be mandate that companies keep copies of the encrypted messages, tagged with a device ID. Then to decrypt you need to get the pers…
What about apps that keep the encryption keys in the user phones and can't decrypt the contents of messages? Do they intend to ban those apps?
My idea was that rather than ban it outright and make it like most other internet traffic (decrypted on a server), they could mandate some kind of cacheing of the _encrypted_ data on the server. Then, once they'd lawfully executed a warrant to grab the suspects phone, they can decrypt at their leisure. Apps using per-message keys will probably be a no-no.
Myself - I live in the UK - I hope Apple, Google and Facebook all say a big "fuck you" and cut this country off from their services, but I have a feeling the 'compromise' is going to be something like the paragraph above.