It is in accordance with that statement of principle that the courts must reach decisions in contempt cases.

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The budget that Orszag and his colleagues drafted was the Platonic ideal of Obamaism, a Presidential statement of principle.

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Replying for Labour, shadow justice minister Lord Bach described the proposal as a "very important statement of principle" which he supported wholeheartedly.

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" A joint statement with GM on Wednesday said, "Renault and Nissan consider that the principle of compensation is contrary to the spirit of any successful alliance.

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"The owners of Portsmouth are pleased to announce that an agreement in principle has been reached over the sale of the club, " said a statement.

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