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

I've heard that some people are objecting that you have to go to Brussels and get permission. If the will is there, I have not heard of any legal objections to doing that. The exemption from VAT is predicated on an assumption that the printed word is good for democracy. That's my understanding of how it comes about. If you want to be outside of an umbrella which says we are actually -- this system of regulation is there because we accept that the printed word is part of the democratic process, then it seems to me if you don't want to be part of that, I don't see how you can then say, "But I want to be exempt from VAT". So that's one thing.

The other thing is I think what's been suggested is that for those within this new regulatory system there could be caps on -- if you operate some kind of voluntary tribunal and all sides agree to be bound, there could be caps on any kind of damages that might be awarded --

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