Politicians agree deal but newspapers refuse regulation sign up
Britain’s largest newspaper groups are on a collision course with the Government over press regulation, after last night signalling their anger at the imposition of “several deeply contentious” issues in a Royal Charter announced in Parliament by the Prime Minister.
After more than 100 hours of talks, David Cameron, Nick Clegg and Ed Miliband shook hands on an agreement after a marathon negotiating session completed in the small hours of yesterday morning. It means that for the first time the British press will be subject to an element of statute.
Under the plan, a press regulator would be established through the vehicle of a Royal Charter with the power to order errant newspapers to publish prominent apologies and to fine them up to £1m. The charter is backed by a clause of statute inserted into the Enterprise and Regulatory Reform Bill.....Read more