Leveson day: what happens when?

Your timetable for today.

After eight months of hearings and 474 witnesses, today's the day we get to see the Leveson report. Here's a timetable of the key events.

8am Ed Miliband and his staff received five copies of the 2,000 page report earlier this morning. David Cameron and Nick Clegg were given copies yesterday. In a piece for the Guardian on Monday, Miliband wrote that the government should act on the report's recommendations provided that they are "reasonable and proportionate".

11am The inquiry's "core participants" and selected members of the media will be given access to the report in a secure "lock-in".

1:30pm The report will be published on the inquiry website and Lord Justice Leveson will make a short statement at the QEII Conference Centre in Westminster. He will not take questions and will not give any interviews.

With Leveson due to fly to Australia this weekend to take part in a conference on privacy regulation and to deliver a series of speeches on the future of the media, MPs may not get a chance to question him before Parliament rises on 20 December. The Times (£) reports that Leveson is "unlikely to be available as he is taking a holiday after making the speeches."

3pm Cameron will gave a Commons statement outlining the government's "direction of travel" and Miliband will respond for Labour. This will be folllowed by questions from MPs.

Nick Clegg will then give a separate statement setting out the Liberal Democrat position and Harriet Harman, in her capacity as shadow culture secretary, will respond for Labour.

Clegg said this morning: "I believe in a vigorous free press holding the powerful to account and not subject to political interference. But a free press does not and cannot mean a press that is free to bully innocent people or free to abuse grieving families. I hope when Lord Justice Leveson gives his statement later today, we’ll remember the reasons why this inquiry was set up."

Lord Justice Leveson at the launch of his inquiry into the press earlier this year. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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Theresa May gambles that the EU will blink first

In her Brexit speech, the Prime Minister raised the stakes by declaring that "no deal for Britain is better than a bad deal for Britain". 

It was at Lancaster House in 1988 that Margaret Thatcher delivered a speech heralding British membership of the single market. Twenty eight years later, at the same venue, Theresa May confirmed the UK’s retreat.

As had been clear ever since her Brexit speech in October, May recognises that her primary objective of controlling immigration is incompatible with continued membership. Inside the single market, she noted, the UK would still have to accept free movement and the rulings of the European Court of Justice (ECJ). “It would to all intents and purposes mean not leaving the EU at all,” May surmised.

The Prime Minister also confirmed, as anticipated, that the UK would no longer remain a full member of the Customs Union. “We want to get out into the wider world, to trade and do business all around the globe,” May declared.

But she also recognises that a substantial proportion of this will continue to be with Europe (the destination for half of current UK exports). Her ambition, she declared, was “a new, comprehensive, bold and ambitious Free Trade Agreement”. May added that she wanted either “a completely new customs agreement” or associate membership of the Customs Union.

Though the Prime Minister has long ruled out free movement and the acceptance of ECJ jurisdiction, she has not pledged to end budget contributions. But in her speech she diminished this potential concession, warning that the days when the UK provided “vast” amounts were over.

Having signalled what she wanted to take from the EU, what did May have to give? She struck a notably more conciliatory tone, emphasising that it was “overwhelmingly and compellingly in Britain’s national interest that the EU should succeed”. The day after Donald Trump gleefully predicted the institution’s demise, her words were in marked contrast to those of the president-elect.

In an age of Isis and Russian revanchism, May also emphasised the UK’s “unique intelligence capabilities” which would help to keep “people in Europe safe from terrorism”. She added: “At a time when there is growing concern about European security, Britain’s servicemen and women, based in European countries including Estonia, Poland and Romania, will continue to do their duty. We are leaving the European Union, but we are not leaving Europe.”

The EU’s defining political objective is to ensure that others do not follow the UK out of the club. The rise of nationalists such as Marine Le Pen, Alternative für Deutschland and the Dutch Partij voor de Vrijheid (Party for Freedom) has made Europe less, rather than more, amenable to British demands. In this hazardous climate, the UK cannot be seen to enjoy a cost-free Brexit.

May’s wager is that the price will not be excessive. She warned that a “punitive deal that punishes Britain” would be “an act of calamitous self-harm”. But as Greece can testify, economic self-interest does not always trump politics.

Unlike David Cameron, however, who merely stated that he “ruled nothing out” during his EU renegotiation, May signalled that she was prepared to walk away. “No deal for Britain is better than a bad deal for Britain,” she declared. Such an outcome would prove economically calamitous for the UK, forcing it to accept punitively high tariffs. But in this face-off, May’s gamble is that Brussels will blink first.

George Eaton is political editor of the New Statesman.