Clegg backs new press law, contradicts Cameron
LONDON (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.
(Reporting by Mohammed Abbas, editing by Matt Falloon)
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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.