Cameron rejects state-backed regulation but Miliband accepts it

Prime Minister says he has "serious concerns and misgivings" over writing the new press regulatory system into law.

As expected, a sharp political divide has opened up between Labour and the Conservatives over the Leveson report. In his statement to the Commons, David Cameron praised most of Leveson's recommendations but declared that he had "serious concerns and misgivings" over his call for a new system of press regulation to be underpinned by statute. This, he suggested, would set a dangerous precedent by "writing elements of press regulation into the law of the land". He warned that this would create "a vehicle for politicians, whether today or some time in the future, to impose regulation and obligations on the press".

But he ended by emphasising that the status quo "is not an option" and said that the press had "a limited period of time" to set up a new regulatory system that complies with "Leveson principles". And, while Cameron is opposed to state-backed regulation on principled as well as pragmatic grounds, he was careful not to rule it out completely.

In his response to Cameron, Ed Miliband began by immediately signalling his disagreement with the PM, stating that he hoped to "convince" him in the days and weeks ahead that "we should put our trust in Lord Justice Leveson's recommendations". Lest there be any doubt that Labour favours state-backed regulation, Miliband went on to say "[Leveson] recommends that both Ofcom’s role and these criteria of independence and effectiveness will be set out in statute, a law of this Parliament. A truly independent regulation of the press, guaranteed by law. Lord Justice Leveson’s proposals are measured, reasonable and proportionate. We on this side unequivocally endorse both the principles set out and his central recommendations."

Cameron is opposed to any form of state involvement, Miliband is unambiguously in favour. The divide could not be clearer. While both have agreed to cross-party talks, it's hard to see, at this stage, how their differences could be bridged.

David Cameron leaves Number 10 Downing Street. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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Tom Watson rouses Labour's conference as he comes out fighting

The party's deputy leader exhilarated delegates with his paean to the Blair and Brown years. 

Tom Watson is down but not out. After Jeremy Corbyn's second landslide victory, and weeks of threats against his position, Labour's deputy leader could have played it safe. Instead, he came out fighting. 

With Corbyn seated directly behind him, he declared: "I don't know why we've been focusing on what was wrong with the Blair and Brown governments for the last six years. But trashing our record is not the way to enhance our brand. We won't win elections like that! And we need to win elections!" As Watson won a standing ovation from the hall and the platform, the Labour leader remained motionless. When a heckler interjected, Watson riposted: "Jeremy, I don't think she got the unity memo." Labour delegates, many of whom hail from the pre-Corbyn era, lapped it up.

Though he warned against another challenge to the leader ("we can't afford to keep doing this"), he offered a starkly different account of the party's past and its future. He reaffirmed Labour's commitment to Nato ("a socialist construct"), with Corbyn left isolated as the platform applauded. The only reference to the leader came when Watson recalled his recent PMQs victory over grammar schools. There were dissenting voices (Watson was heckled as he praised Sadiq Khan for winning an election: "Just like Jeremy Corbyn!"). But one would never have guessed that this was the party which had just re-elected Corbyn. 

There was much more to Watson's speech than this: a fine comic riff on "Saturday's result" (Ed Balls on Strictly), a spirited attack on Theresa May's "ducking and diving; humming and hahing" and a cerebral account of the automation revolution. But it was his paean to Labour history that roused the conference as no other speaker has. 

The party's deputy channelled the spirit of both Hugh Gaitskell ("fight, and fight, and fight again to save the party we love") and his mentor Gordon Brown (emulating his trademark rollcall of New Labour achivements). With his voice cracking, Watson recalled when "from the sunny uplands of increasing prosperity social democratic government started to feel normal to the people of Britain". For Labour, a party that has never been further from power in recent decades, that truly was another age. But for a brief moment, Watson's tubthumper allowed Corbyn's vanquished opponents to relive it. 

George Eaton is political editor of the New Statesman.