UK deputy PM backs new press law, contradicts Cameron

LONDON Thu Nov 29, 2012 4:25pm GMT

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LONDON Nov 29 (Reuters) - British Deputy Prime Minister Nick Clegg said on Thursday he backed new legislation to regulate the press, contradicting Prime Minister David Cameron and raising the spectre of a split in the coalition government.

"On the basic model of a new self-regulatory body, established with a change to the law in principle, I believe this can be done in a proportionate and workable way," Clegg told parliament.

"Changing the law is the only way to give us all the assurance that the new regulator isn't just independent for a few months or years, but is independent for good," he added.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.