The Sun's political editor Tom Newton Dunn reports that David Cameron and Nick Clegg are due to discuss a possible deal on press regulation this afternoon:
BREAKING: Cameron and Clegg are to discuss a possible last minute Leveson deal this afternoon.
Possible Leveson deal is this: appears Tories may be ready to accept a clause in statute saying Royal Charter can only be changed... 1/2.
...by a vote of two thirds of Commons and Lords. In exchange, Labour and Libs then back down on clause to set up charter. 2/2