No 10: PM 'has deep misgivings about statutory regulation'

Downing Street has dismissed claims by Labour that David Cameron had changed his views on Leveson by drafting a bill to implement Leveson's recommendations, insisting "the PM's position has not moved an inch":

He has deep misgivings about statutory regulation.

The exercise of drawing up a Bill will demonstrate how complicated it would be to introduce press laws.

As the PM said in the House, we have done some similar work over the past few weeks to look at what clauses might look like, and they always end up being more complicated and far reaching than first thought.

– Downing Street source