(2 years, 10 months ago)
Commons ChamberThe licence fee settlement ensures that the BBC can continue to meet its mission and its purposes, and it will continue to receive billions of pounds of funding—£23 billion over the licence fee settlement period.
When the BBC came before the Public Accounts Committee, it was striking how unambitious its target was for growing commercial revenues, which represent just 6% of its current income. Will this welcome decision, including the increase in the borrowing limit, which the BBC asked for, come with a requirement for the BBC to increase that income rapidly and reduce the burden of the licence tax?
Increasing access to private equity was one of the first steps towards doing that.