Oral Answers to Questions

Debate between Lord Vaizey of Didcot and Christopher Chope

Thursday 9th July 2015 Commons Chamber

[Mr Christopher Chope (Christchurch) (Con)]

1. What estimate he has made of the value of the public stake in Channel 4.

[The Minister for Culture and the Digital Economy (Mr Edward Vaizey)]

This Government have not made any estimate of the value of the public stake in Channel 4.

[Mr Chope]

In that case, is it not about time they did? Channel 4 has a turnover of about £1 billion a year, and assets of roughly half a billion. Surely the taxpayer stake in it could be sold and would help the Chancellor with his agenda.

[Mr Vaizey]

I am told that my hon. Friend has withdrawn his annual private Member’s Bill to abolish the BBC licence fee. Perhaps his attention has now turned to Channel 4. I note what he says.