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

It's one example of an initiative that was supported by a small amount of money. It's a separate investigative journalism unit, and it has been spectacularly successful. The stories run this week on the influence of banks, on the politicians, the FSA and the Lords all came from this tiny investigative unit. And it illustrates what a small amount of money can do to bolster the watchdog role of the press.

So the idea is a levy on market leaders would include support for investigative units, such as the one that's been referred to.

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