Yeah, tomorrow for us plebs.
The press are, unsuprisingly, whinging about the prospect of regulation. They’ve enjoyed being able to ‘mark their own homework’ for a long time. There is/was of course the loophole whereby if a paper didn’t pay it’s PCC subs, then it was no longer regulated by them. Which is what the Express and Star have done.
There’s a difference between the government running the press and the government putting a statute in place that allows an independent body to regulate the press. The papers seem to be turning the latter into the former.
Edit: Would we end up with an OfCom for the press? OfPress? that seems to work, it’s not as if tv programs are banned from criticising the government.