Responding, GB News said it believed very strongly that the current affairs program had complied with the code.
It felt that rules were engaged because of the important matters of public policy that were discussed.
Ofcom has now fired the starting gun on the the rare procedure to sanction GB News.
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GB News will be given the opportunity to make representations over the sanction.
Financial penalties have in the past run into the hundreds of thousands of pounds but are rare.
Ofcom has since published guidance on the issue,along with warningsover future general election coverage to all networks.
GB News has repeatedly fallen foul of the Ofcom code.
