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

Thank you.

In terms of funding, most of it is going to come from the participants themselves. You don't rule out the possibility of state funding, particularly to cover start-up and transition costs. But that wouldn't be vastly expensive. Can I ask you, though, about paragraph 53, and the application of the polluter pays principle, where you say:

"Participants who breach the code will be required to pay enhanced annual subscription."

Effectively, that's fining them in another way, isn't it?

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