Lawyers acting on behalf of Lord McAlpine issued the following statement:
Following the request that Twitter users who falsely accused Lord McAlpine of child abuse come forward, formally apologise and pay a sensible and modest amount in compensation to charity via solicitors RMPI LLP, the fixed donation amount is yet to be assessed.
However, this will be to Lord McAlpine’s charity of choice, BBC Children In Need, and will be in addition to an administration fee.
Given the large amount of information that continues to be disseminated, the band for which the charity payment will be settled shall be when Lord McAlpine has a full understanding of this material.
The donation is intended for tweeters with fewer than 500 followers, but those with larger numbers of followers are still encouraged to identify themselves and offer their formal apologies at this stage.
More top news
ITV News spoke to Nick Channing-Williams who described the freezing conditions on board the car ferry that caught fire earlier today.
A widespread frost will affect the UK due to plummeting temperatures along with a lingering fog in several areas.
Members of the Queen's Guard have been assigned the protection of armed police, amid reports they could be targeted by terrorists.