Funding Settlement
Leveson Inquiry · An Inquiry into the Culture, Practices and Ethics of the Press · Issued 29 November 2012 · Addressed to: Press
Source — verbatim from the inquiry
●Inquiry recommendation
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.
Leveson Inquiry, An Inquiry into the Culture, Practices and Ethics of the Press · 29 Nov 2012 Source PDF →
Published evidence summary
Publicly available evidence relating to this recommendation:
- IPSO is funded by the press industry through a levy on subscribing publications. IPSO publishes financial information in its annual reports (IPSO Annual Reports, accessed March 2026).
- There is no independent certification that IPSO's funding is adequate for the purposes set out in Leveson's recommendations. IPSO's funding arrangements are agreed between IPSO and its subscribing members without external verification.
- IMPRESS is funded through an independent grant from the Alexander Mosley Charitable Trust, which the PRP has assessed as meeting the Royal Charter requirements on funding independence (PRP Cyclical Review, 2025).
Response — verbatim from government
●UK Government
The 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
UK Government · 29 Nov 2012 Written response →
Evidence trail — what's actually happened since
- 27 Feb 2025 · IPSO 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 source → Reasonable Progress
Each entry above links to a primary source — gov.uk written statement, consultation response document, or inspection report. The Index does not characterise government intent; it tracks what has been published.
How this page is built
Source and Response are verbatim from primary documents. The Evidence trail records published activity since — written statements, consultation outcomes, inspection findings, parliamentary references. The Index does not paraphrase or characterise intent; it tracks what has been published. Where the evidence is the absence of action (a missed deadline, a slipped timetable), that absence is documented from primary sources rather than inferred.
This recommendation's data is verified periodically against primary sources. The Index is monitored for staleness weekly.