I hear noble Lords disagreeing, but I have to tell them that it is true. If you are a struggling local newspaper making barely any profit, one or two actions brought under this provision would bankrupt you.
Many other serious legal issues arise from this amendment relating to the European Convention on Human Rights, which the noble Lord, Lord Pannick, has already dealt with. It is for this reason, and all the reasons I have outlined, that Section 40 has been roundly condemned as an assault on free speech by virtually every international press freedom organisation, including Index on Censorship, the Committee to Protect Journalists, the World Association of Newspapers and the International Press Institute. It is why, rightly, the Government undertook a comprehensive consultation on whether to introduce it last year.
In closing, whatever that consultation says—and I agree that it would be quite wrong to support this amendment in the absence of the Government’s response—Section 40 remains pernicious in principle and would be disastrous in practice for the free and independent media that I believe we all want to see flourish in this country. I hope my noble friend will not press his amendment.
6 pm