Leveson inquiry: Wednesday's key points

• Vince Cable claims he was told that News Corp had made "veiled threats" to Lib Dem colleagues over BSkyB bid . • Cable told the inquiry he was "seriously disturbed" and felt "under siege" by News Corp approaches to Lib Dem colleagues while he had responsibility for £8bn takeover. • Ken Clarke said the power of the press was greater than parliament and ought to be diminished. • Clarke derided "incestuous" contacts between politicians and press and said government is now a "mass media-dominated activity". • Clarke said newspaper proprietors "can drive a weak government like a flock of sheep". • Clarke endorsed the idea of a non-judiciary body to settle small libel claims. • Rupert Murdoch had a "disproportionate influence" on British politics and was too close to some politicians, said Cable. • Cable felt it was not necessary to meet News Corp about BSkyB deal; special advisers had no involvement. • Andy Coulson has been detained by Strathclyde police over perjury allegations . • The Daily and Sunday Mirror editors have been sacked as the titles go seven-day .