Lord Justice Leveson recommends that newspapers set up their own self-regulatory body which would be overseen by another independent body, which in turn would be overseen by Ofcom.
He also recommended that the independent body could impose a sanction of up to 1 per cent of a newspaper's turnover (maximum £1 million).
Lord Justice Leveson says a genuinely independent and effective system of self-regulation is needed.
First snapshot of Lord Justice Leveson's Inquiry into the Culture, Practices and Ethics of the Press.
Nick Clegg sources say it is inevitable there will be differences between his response to the Leveson report and the Prime Minister's.