1. Chris Ship

Drinking in the last chance saloon?

Lord Justice Leveson's Inquiry into the Culture, Practices and Ethics of the Press. Credit: PA Wire

Lord Justice Leveson has proposed for the first time in 300 years that the country's press should be controlled by a self-regulating body which is validated by a statutory regulator.

The regulator he suggests exists already. Ofcom overseas broadcasters and will now be asked to approve the self-regulatory body for the press, which the Leveson report says must be truly independent of the industry.

If the press refuse to join, Lord Justice Leveson says an option would be for Ofcom to have direct oversight. That is not a recommendation. But a suggested option for a way forward.