IPSO have no legal powers, they can't take you to court.
You must pay to sue for libel. You don't need any money to complain to IPSO regulator.
If you're guilt of libel you will be asked to pay damages to the person you have committed against.
You could also be asked to pay for legal fees too, sometimes even both.
The regulator could asked the journalist to write a letter of apology to the person making te complaint.
Furthermore, the story may have to be taken down off the website.
The regulator may ask to publish an apology in the next newspaper, it doesn't say where it has to be therefore the newspaper can decide where they want to write it, most often buried in the middle, barely visible.
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