Nick Clegg on Leveson: 'It's everything I'd hoped for'

A deal has been struck between the three main political parties on measures to regulate the press, Liberal Democrat leader Nick Clegg has confirmed.

It comes after talks were held overnight between the Lib Dem and Labour leaders and a Cabinet Office minister on a new press watchdog.

Nick Clegg said he was "delighted" by the outcome, which he said was "everything I had hoped for".