Lord Black of Brentwood last night said the press will act quickly to create a new regulator which will “fully embrace the Leveson principles” removing the need for a Leveson law.

The executive director of Telegraph Media Group was speaking at last night’s first Press Gazette British Journalism Awards held at Stationers’ Hall, London.

Black was among the national press editors who visited Downing Street yesterday and were told by Prime Minister David Cameron to urgently revise the new system of self-regulation proposed in the Hunt-Black plan.