Funding Settlement
Funding for the system should be settled in agreement between the industry and the Board, taking into account the cost of fulfilling the obligations of the regulator and the commercial pressures on the industry. There should be an indicative budget which the Board certifies is adequate for the purpose. Funding settlements should cover a four or five year period and should be negotiated well in advance.
How was this assessed?
Response
Accepted in Part
Response
Accepted in PartThe Prime Minister stated on 29 November 2012 that he accepted "the principles that Lord Justice Leveson has laid out" for independent self-regulation, including "an independent board, a standards code, an arbitration service and the power to demand up-front, prominent apologies and impose million-pound fines." However, he rejected statutory underpinning, expressing "serious concerns and misgivings" about crossing "the Rubicon of writing elements of press regulation into the law of the land." The Royal Charter on Self-Regulation of the Press was granted on 30 October 2013, establishing the Press Recognition Panel as the recognition body. IPSO was established in September 2014 but has not sought Royal Charter recognition. IMPRESS was recognised by the PRP in October 2016. Source: https://www.gov.uk/government/speeches/david-cameron-statement-in-response-to-the-leveson-inquiry-report
Published Evidence
Published assessments of implementation progress from inspectorates, select committees, official progress reports, and other sources. Check the source type badge to see whether each assessment is independent or government self-reported.
IPSO is funded by the press industry through a levy. Funding is agreed between IPSO and its members. However there is no independent certification that the budget is adequate for the regulator's obligations -- IPSO has never conducted a standards investigation or imposed a fine in over 10 years, raising questions about whether funding is adequate for genuine enforcement.
View detailed findings
Funding settlement exists but the regulator's complete failure to use enforcement powers (zero fines, zero standards investigations 2014-2024) raises questions about whether funding is adequate for genuine regulation.