The editors of the News International-owned Times and Sunday Times have told the Leveson inquiry they were implacably opposed to any form of statutory regulation of newspapers because of the "chilling effect" it may have on the press.

Six months after the phone-hacking scandal erupted, the editors of the now defunct News of the World's sister titles said they supported radical reform of press regulation but not through legislation.

Their evidence to the inquiry on Tuesday contrasted with that of the Guardian's editor-in-chief, Alan Rusbridger, who was also testifying. He has proposed a "regulator with teeth" and a statutory underpinning.

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