As the right hon. Member will be aware, the royal charter was granted yesterday. A copy will be placed in the Libraries of both Houses shortly.
Given the endemic misreporting of this issue by the press itself—including, I am afraid, by the Financial Times, which claimed this week that the right hon. Lady was going to break the all-party consensus and support the non-Leveson-compliant PressBoF charter—will the Secretary of State now explain for all our benefits what she thinks will happen next?
It is a complicated issue, which explains the difficulties in the reporting of it. The royal charter has been put in place. More importantly, as the House should recognise, the press is well down the road of setting up the self-regulatory mechanism that it needs to move forward. That should be applauded, and the whole House should welcome it.