lord justin levisohn delivers his plan on press standards. >> we should be wary of any legislation that has the potential to infringe free speech and a free press. >> the queen sits in on a cabinet meeting at number 10. but let's begin with the subject which has dominated politics and our pockets for many months, the state of our economy. at the start of december the chancellor came to deliver his autumn statement or mini budget. it set out the latest figures for the growth, tax and benefits. among the headlines the scrapping of a planned rise in fuel tax. a 1% rise in working benefits an increase at the threshold in which people begin to pay tax. he would have to extend austerity measures until 2015. >> the deficit is coming down, coming down this year and every year of this parliament. yes, the deficit is far too high for comfort. we cannot relax our efforts to make our economy safe. but britain is heading in the right direction. >> money would be spent on infrastructure projects like road and rail. >> he moved on. >> those will see it rise by an average of 1%. in a similar approach o

so with the prime minister shying away from one of lord justin levisohn's recommendations. he joins me in the studio. ross. david said he would expect levishon unless his conclusions are bonkers. >> why isn't he accepting it? >> it would cause drawing up laws to govern what the pressure should do. this really was a question of the heart of all of this. how could you make sure that everybody was involved including publishers that aren't to do so without the piece of legislation that would amount to system licensing. the law had to change. talks use similar language that would simply recognize an independent regulator in raw. this debate went for months and months and months. they were joined. it would be far more something more owneress. that's what david cameron was addressing in some of his concerns. how did it feel? >> we saw something rather different there. we heard from the two men, the prime minister and the deputy prime minister. one of those two men thinks the new law is circumstantial and the other not is not. >> in the backgrounds for a moment, you've got the last