MPs have overturned a bid by peers to hold a second Leveson inquiry after the Government announced a series of concessions over press regulation.

Matt Hancock, the Culture Secretary, said that the Government will now review the "effectiveness" of media regulation every three years.

He also announced that the Information Commissioner will review journalists' compliance with data protection regulations every five years.

The concessions proved enough to win over Tory rebels who had been threatening to back the plans for a second Leveson inquiry into press standards. The Government defeated the amendment by 301 votes to 289.