Channel 4 Privatisation

Lord Hannan of Kingsclere Excerpts

Tuesday 5th April 2022 Lords Chamber

[Lord Parkinson of Whitley Bay (Con)]

Absolutely. The independent production sector has exploded since Channel 4 was created 40 years ago. The revenues have grown from £500 million in 1995 to £3 billion today. However, Channel 4’s competitors spend more on commissioning original programming than Channel 4 does—ITV spends twice as much and Netflix spends two and a half times as much in the UK. This is why we want to ensure that Channel 4 can borrow, invest and continue to support the independent sector, which it has done so much to support over the last four decades.

[Lord Hannan of Kingsclere (Con)]

My Lords, ever since the announcement was made, we have been hearing about all these rare cultural gems which are made possible by the unique way in which Channel 4 is financed and which somehow would not be possible in a red in tooth and claw jungle capitalism. So I have just been looking at what the programming is now. With permission, I will tell your Lordships’ House: “Kitchen Nightmares”, “Undercover Boss”, “Steph’s Packed Lunch”, “Countdown”, “A Place in the Sun”, “A New Life in the Sun” and “Sun, Sea and Selling Houses”. Is it really credible to say that we are defending something which could not be provided by the private sector? Will my noble friend the Minister comment on the disparity between the funds which come from the private sector to independent production companies and those which come from state broadcasters?

[Lord Parkinson of Whitley Bay (Con)]

I will not join my noble friend in singling out particular programmes —de gustibus non est disputandum, and all that. This is not about the content which Channel 4 currently produces or about its recent results; it is about ensuring that it is able, in the decades to come, to compete, invest and continue to provide a range of programming from which a range of people can benefit.