UK Government Freezes BBC License Fee For Two Years And Confirms Major Review Of Corporation’s Funding Model

UK Government Freezes BBC License Fee For Two Years And Confirms Major Review Of Corporation’s Funding Model
The BBC license fee will be frozen for the next two years by the UK government before returning to an inflationary rise, which will likely cripple the corporation’s programming budgets.

Culture Secretary Nadine Dorries confirmed the speculation from the weekend to the UK’s Houses of Parliament and also stated a review into the entire funding model will begin shortly, existentially threatening the future of the corporation.

Amidst rising inflation and soaring programming costs, the fee will remain at £159.50 ( $217.70) for the next two years before returning to an inflationary rise.

A swift BBC statement from Director General Tim Davie and Chair Richard Sharp called the settlement “disappointing” for both the BBC and cultural industries and said the corporation will now have to “absorb inflation.”

The BBC has previously stressed that it will be required to make savings of around $2Bn over the next two years if the fee is frozen and,
See full article at Deadline »

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