Cross-party talks over the political divisions that have emerged from the Leveson report's recommendations for press regulation are to resume later.
The Conservatives, the Liberal Democrats, and Labour will attempt to find a way forward.
Labour says it has started to draft its own bill based on Lord Justice Leveson's recommendations, in case agreement cannot be reached.
MPs will debate the 2,000-page report in the Commons later.
They will debate it in detail but there will not be a vote.
Lord Justice Leveson has recommended an independent self-regulatory body for the newspaper industry, backed up by legislation to ensure its independence and effectiveness.
Labour leader Ed Miliband and Lib Dem leader Nick Clegg have voiced their support for the Leveson report to be implemented in its entirety.
But Prime Minister David Cameron has indicated he has "serious concerns and misgivings" about any legislation to regulate the press.
Christmas deadlineNewspapers generally support the idea of an independent regulator but are against it being backed up in law.
Mr Miliband has said Mr Cameron must back Lord Justice Leveson's proposals by Christmas or Labour will pull out of cross-party talks.
A Labour Party source said it was serious about cross-party talks but if the government failed to come up with its own workable bill, it would put its alternative proposal to the Commons for a vote in January.
Would:
- Create a process to "validate" the independence and effectiveness of the new self-regulation body
- Validate a new process of independent arbitration for complainants - which would benefit both the public and publishers by providing speedy resolutions
- Place a duty on government to protect the freedom of press
Would not:
- Establish a body to regulate the press directly
- Give any Parliament or government rights to interfere with what newspapers publish
The source told the BBC Labour's draft bill would "enshrine the core principles of Leveson to establish an independent regulator backed by statute".
Any vote would not be binding on the government.
There has been disagreement among campaigners, politicians and newspapers after the report was published on Thursday about the need for any statutory underpinning of press regulation.
Press Complaints Commission chairman Lord Hunt will take part in talks involving the prime minister, Culture Secretary Maria Miller and national newspaper editors on Tuesday.
Lord Hunt said he had spoken to 120 publishers, representing 2,000 editors, and "they have all told me they will sign up" to an independent regulator.
Signatures growingCampaign group Hacked Off, which represents people who have been victims of press intrusion, is running a petition for Lord Justice Leveson's recommendations to be implemented in full. It has attracted more than 100,000 signatures since Friday.
Hacked Off director Brian Cathcart said: "We hope that the prime minister, who last Thursday appeared to reject a key part of the recommendations, is listening to the voice of the public, just as he promised he would in his evidence under oath at the Leveson Inquiry."
Lord Justice Leveson criticised the "culture of reckless and outrageous journalism" that dominated parts of the press for decades, when he announced the conclusions of his 16-month inquiry, set up in the wake of the phone-hacking scandal.
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