There will be no second Leveson Inquiry, the culture secretary has confirmed.
"We do not believe that reopening this costly and time-consuming public inquiry is the right way forward," Matt Hancock told parliament today.
He said there had already been significant action as a result of the inquiry, including the establishment of the Independent Press Standards Organisation (IPSO) and reforms to policing practices.
Following a public consultation, it was also found that only seven per cent of respondents supported full commencement of Section 40. This is a part of the Crime and Courts Act 2013 which would force publishers who refuse to sign up to Impress, the Royal Charter-approved regulator, to pay legal costs for both sides in libel cases, regardless of the outcome.
"Respondents were worried that it would impose further financial burdens, especially on the local press," he said.
Labour's shadow culture secretary Tom Watson said that the government had "capitulated".
"This announcement, conveniently timed to be buried under a flurry of snow, is a disappointment, a breach of trust and a bitter blow to the victims of press intrusion, but it is not in any way a surprise," he said.