That's a very good point Claig - where IS the independent inquiry into the banks? We've had investigations into MPs expenses, into the press, into the police over Hillsborough - but nothing about the industry that crashed the world economy and impoverished every family in Britain (and beyond).
Not surprised Leveson let the PM and Hunt off the hook - judges are always, in the end, deferential to the supreme authorities. I'm sure Leveson would be very rigorous if he was hearing a case involving a council, but a judge hold the PM to account? Never happened as far as I'm aware and never likely to happen. (Look at Hutton and Iraq - it's not a party political point, it's a government and judiciary point.) Let's not forget two judge-led inquiries into Hillsborough missed the glaring, obvious truth. It took the independent panel, led by a liberatarian Bishop and members of the public, to get to the truth. Even though it was there in plain sight.
I really don't understand the sophistry that must be involved in Leveson saying legislation to establish a press regulatory body somehow won't be statutory legislation... doesn't make any sense at all.
I am merely an editor (of a mere magazine, not a national newspaper so very little axe to grind) who strives for plain English. How can something be introduced by statute, underpinned by statute, but not be statutory? And the idea of the ultimate power being Ofcom... that's the kiss of death for independence. Good grief. As if print isn't dying anyway, let's get the incompetent, power-hungry bureaucrats in to give it a massive send off! I know you need to sort the Express problem (Express titles refused to have anything to do with the Press Complaints Commission) but Ofcom, FFS?
And what's the point of legislating for the national and local press when online is entirely unregulated - until you get a stern letter from McAlpine's lawyers after the event?