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They should bring back the principle that the Crown can do no wrong, and never pay compensation.
Sounds harsh, but it would spawn a new industry of insurance against wrongful conviction, with premiums based on criminal record if any. So no law abiding person with any foresight need lose out, and for habitual criminals who couldn't afford the premiums it would just be an extra occupational hazard (in the words of that intro to Porridge!)
The only potential snag is that it would remove a financial incentive for the Government to try and avoid wrongful convictions, and they might start cutting corners if they were not financially liable. But on the opposite side of the coin, they would also have no incentive to suppress re-examination of cases and prevent convictions being overturned, in fact every incentive to do the opposite if someone could be released and reduce the prison population.
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