British Prime Minister David Cameron said the relationship between politicians and the press has “gone wrong” and that they have become “too close.” In his testimony on Thursday before the Leveson Inquiry—the Parliamentary committee investigating media ethics in the wake of the hacking scandal at News Corp.—Cameron said he doesn't “believe the regulatory system works” and said that he’s “not trying to blame the whole thing on New Labour, but I think it’s been a developing story.” Cameron said he never “traded a policy” to receive favorable coverage.