Split RBS into a 'good' and 'bad' bank now urges Bank Governor Mervyn King as he slams current system as a 'nonsense'Taxpayers will have to bear the costs of reprivatisation, King warnsRBS is currently holding the wider economy back, the Governor saidCriticisms come just days after RBS boss Stephen Hester said plans to return to the private sector were on track from 1.8 billion in 2011.
Lord Leveson could end up regulating press personally under Labour plan: Inquiry judge in running to be Lord Chief Justice Opposition publishes draft bill calling for Lord Chief Justice to be in chargeLabour says plan would meet Leveson's demand for 'legal underpinning' But it drops support for Ofcom to oversee new Press Standards Trust Ed Miliband has discussed plan with Deputy Prime Minister Nick CleggIt raised prospect of Lord Justice Leveson overseeing new system | UPDATED: 15:32 GMT, 10 December 2012 Shadow culture secretary Harriett Harman said Labour's draft bill provided the 'essential' legal underpinning that Lord Justice Leveson demanded A legally-binding plan for the country’s top judge to oversee newspaper standards will be set out by the Labour party today. With David Cameron refusing to back statutory regulation, the opposition will publish a six-clause bill which would require the Lord Chief Justice power to sign off the effectiveness of an independent panel in holding the press to account
Editors agree on new regulation system for Press The editors have been in talks following David Cameron's warning to rapidly agree on framework for a tough new regulatorThe regulator will have power to issue fines, require prominent apologies and investigate alleged wrongdoing Lord Hunt and Lord Black are working on behalf of editors to implement the Leveson proposals | UPDATED: 22:59 GMT, 6 December 2012 Newspaper editors last night announced they have agreed to put in place the broad principles outlined in the Leveson Report. The editors have been in talks this week following David Cameron’s warning that they must make rapid progress on agreeing the framework for a tough new regulator, which will have the power to issue fines, require prominent apologies and investigate alleged wrongdoing. Two peers – Lord Hunt and Lord Black – will work on behalf of the editors on the implementation of the Leveson proposals and will give full details to the Government ‘very shortly’.
| UPDATED: 10:41 GMT, 30 November 2012 When David Cameron set up the Leveson Inquiry, he can scarcely have imagined that it might lead to a struggle between Parliament and the Press, as well as a split in the Coalition. How he must rue that decision — not least because the allegation by the Guardian newspaper that sparked the inquiry, namely that News of the World journalists had deleted voicemails of the murdered schoolgirl Milly Dowler, turned out to be untrue, as Lord Justice Leveson rightly points out in his massive report
Don't shackle our free Press say 86 MPs and peers on eve of Leveson report The cross-party group of 86 insist statutory regulation of the media undermines a cornerstone of our democracyThey are urging the Prime Minister to reject any form of regulation Lord Justice Leveson's report into media standards is due to be released There is speculation that Leveson will recommend some form of 'underpinning' in law to a new Press watchdog | UPDATED: 23:30 GMT, 27 November 2012 Dozens of MPs and peers, including nine former Cabinet ministers, today urge David Cameron to resist laws which would shackle Britain’s 300-year-old free Press. On the eve of Lord Justice Leveson’s report into media standards, the cross-party group of 86 insists that any form of statutory regulation risks undermining a cornerstone of our democracy and asks the Prime Minister to reject any form of statutory media regulation.
Cameron and Clegg in unprecedented split over future of the Press ahead of Lord Leveson's report | UPDATED: 23:20 GMT, 28 November 2012 The Coalition was heading for an unprecedented split last night after David Cameron and Nick Clegg clashed over the future of Press regulation. As Lord Justice Leveson prepared to deliver his verdict today in the wake of the phone hacking scandal, the Prime Minister and his deputy were locked in talks over how to respond.
Top Lib Dems back Press freedom as they tell Cameron there is 'absolutely no need for it' Environment Secretary become latest member of Cabinet to warn PM not to impose statutory regulationLib Dem deputy leader contradicted Nick Clegg's stance saying he would not back regulation of press | UPDATED: 01:16 GMT, 27 November 2012 A cabinet minister and two of Nick Clegg’s most senior colleagues yesterday warned about the pitfalls of state regulation of the Press. Environment Secretary Owen Paterson became the latest member of the Cabinet to warn David Cameron not to impose statutory regulation, saying there was ‘absolutely no need for it’