Debates between Lord Faulks and Lord Watts during the 2019 Parliament

Wed 22nd May 2024
Media Bill
Lords Chamber

Committee stageLords Handsard

Media Bill

Debate between Lord Faulks and Lord Watts
Lord Watts Portrait Lord Watts (Lab)
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Is it not the case that 80% of our media is owned by five billionaires?

Lord Faulks Portrait Lord Faulks
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I am not precisely sure of the figures. Certainly, the ownership of the press is a matter of record. I am not in a position to respond to that. It is perfectly true that it is a relatively minor group of people. I am not sure quite what that has to do with Section 40. We are talking about whether someone can make a complaint adequately and whether that regulator is independent. I ask the Committee to express the view that it is an independent regulator. There is a manifesto commitment. It is time that this provision is repealed. I understand from what I have read in an interview with the shadow Secretary of State that the Labour Party does not intend to amend the current system of press regulation. I look forward to hearing reassurance that this important Bill, including this provision, will be the subject of discussions in the wash-up.