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Main points that the parties have agreed on

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Wednesday, March 20, 2013
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Nottingham Post

THE three main parties have agreed on a new regulator being set up by Royal Charter, a mechanism used to establish organisations such the BBC and universities.

Prime Minister David Cameron said the Conservatives, Liberal Democrats and Labour had agreed on a new system of "tough independent self-regulation that will deliver for victims and meet the principles set out in Leveson's report".

  1. Report:  Lord Justice Leveson delivers his findings.

    Report: Lord Justice Leveson delivers his findings.

He said a new system would ensure:

Upfront apologies from the press to victims.

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Fines of one per cent of turnover for publishers, up to £1 million.

A self-regulatory body with independent appointments and funding.

A robust standards code.

A free arbitration service for victims.

A speedy complaints system.

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