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Press regulation 'coming to a head'
A decision on newspaper industry proposals for a new system of press regulation is likely to be announced later today, according to Government sources.
Reports that the plans were rejected yesterday are "just not true" and the sub-committee assessing the recommendations is "looking for a grown-up solution", they added.
It comes as Chief Secretary to the Treasury Danny Alexander, who sits on the group, said the battle over press regulation is "coming to a head".
Discussions will continue today to finalise the decision, which could be made public ahead of a Privy Council session tomorrow that is expected to "nod it through".
"A decision has not been taken yet on the press charter," the source said. "It's speculation. It's likely that a decision on the the press charter will be taken later today."
Cross-party proposals for regulating the press could go before the Privy Council tomorrow but that is just a "slim possibility", the source said.
Mr Alexander told BBC Breakfast: "It is coming to a head now and I am the co-chair of the committee of the Privy Council that is considering this matter.
"We are still considering the final details of our recommendation to the Privy Council. There is a proper due process around this and, if you don't mind, I am going to stick to that due process.
"Our decision will be made public once it is made and will go to the Privy Council in the normal way.
"I am not going to comment in any way beyond that."
Asked if there was a timetable, he said: "The Privy Council meets tomorrow, we had a meeting of our committee yesterday. There are a few remaining Is to be dotted and Ts to be crossed following that discussion, so no final decision has been made.
"But even when it is, we have a proper due process to follow and that doesn't include sharing our deliberations with you."