However British Conservative MEP Sajjad Karim said he supported the new regulation in principle, and hoped that further negotiations could take place over the claw-back issue.

BBC: MEPs welcome new cross-border inheritance law

Requiring expedited votes on economically significant or controversial agency rules before they become binding on the population would reestablish congressional accountability, helping to fulfill a principle of 'no regulation without representation.

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As well as Conservatives who want Leveson, there are Liberal Democrat and Labour MPs who oppose statutory regulation in principle - Labour's Sir Gerald Kaufman, for example is an ex-Mirror journalist and is vehemently against any scintilla of statutory regulation.

BBC: Week ahead

He said all opposition parties had "welcomed in principle" a switch to independent regulation.

BBC: MPs' 'gentlemen's club must end'

The paper said Mr Cameron's resistance to statutory regulation "showed courage and principle".

BBC: Leveson report: Media reaction

Regulators have, in fact, turned the second principle on its head, with more precisely and predictably crafted products subjected to the greatest regulation.

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