Debates between Lord Watts and Lord Faulks during the 2019-2024 Parliament

Wed 22nd May 2024
Media Bill
Lords Chamber

Committee stageLords Handsard

Media Bill

Debate between Lord Watts and Lord Faulks
Lord Watts Portrait Lord Watts (Lab)
- Hansard - -

Is it not the case that 80% of our media is owned by five billionaires?

Lord Faulks Portrait Lord Faulks
- Hansard - - - Excerpts

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 It is time that this provision is repealed.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.