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

This is something that's been talked about much in the last couple of weeks. It's trying to work out whether there's an arbitral or adjudicatory wing that could be applied to the regulator that would get over some of the problems that the press is always complaining about. We all -- you've heard us whingeing endlessly about the cost of libel and the chilling effect that libel to. I thinking it would be a challenge to see whether we could deal with privacy too, because none of us likes having to submit to the courts.

So if that's our stance, that we hate the way that the courts deal with libel and privacy, why don't we use this opportunity to show that we can do it ourselves? That is what I was trying to say.

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