Main points that the parties have agreed on
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".
He said a new system would ensure:
Upfront apologies from the press to victims.
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.