17:37: See FT.com for further updates this evening and over the coming days. Before we sign-off, here’s a summary of what’s happened today:
- Lord Justice Leveson published his report into the culture, practice and ethics of the press, recommending independent regulation with statutory underpinning. “Guaranteed independence, long term stability and genuine benefits for the industry cannot be realised without legislation,” he said.
He said the press and politicians had at times been “too close” but there was little evidence to suggest there was a widespread problem in the relationship between the press and the police.
- He proposed: Read more