FT attacks 'unsatisfactory' press regulation plans

The Financial Times has become the latest newspaper to oppose the all-party endorsed press regulation proposals.

The newspaper said the proposed new regime, following the Leveson inquiry, is "unsatisfactory" under a headline of "a muddle may be as bad as a muzzle".

"Too many hours and too much money have been spent on a process which has delivered a deeply unsatisfactory result," it concluded.