BBC business editor Robert Peston has insisted that claims he made earlier today about a recommendation from Ofcom to put News Corp’s BSkyB bid to the Competition Commission is not just speculation.

Update 12:59: I slightly regret the way I wrote this post, because some of you seem to think this is speculation.

It isn’t speculation.

What I am saying is very simple: Ofcom has recommended that there should be a full Competition Commission enquiry into News Corporation’s plan to buy all of British Sky Broadcasting.

That is a fact.

The report by Ofcom has not yet been made public, with the regulator and Department for Culture Media and Sport telling Journalism.co.uk recently that they could not comment on the contents of the report until culture secretary Jeremy Hunt, who has responsibility for the decision, has made an announcement.

Jeremy Hunt discussed the bid in an debate at the LSE with Raymond Snoddy last night but refused to comment in any detail on the decision making process.

In a separate meeting last night, journalists held a campaign meeting at the Houses of Parliament where Lord Razzall said “all hell would break loose” if Hunt were to ignore a recommendation by Ofcom to refer the bid to the Competition Commission.