The transcripts of the official inquiry into the culture, practices and ethics of the press. More…

Paragraph 61 of your statement, please, Mr Clegg. This is page 13809.

"The media feel that any form of statutory regulation will be a step too far. It is up to them to demonstrate that tough independent regulation with all major players taking part can be met without legislation. Editors and proprietors need to make the case for why they should be exempt from the accountability and scrutiny to which most powerful institutions are subject."

Do you feel that editors and proprietors have made that case in the two respects you indicate here?

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