BREAKING: BBC’s funding model to be reviewed as licence fee is frozen for two years

Sky News published this video item, entitled “BREAKING: BBC’s funding model to be reviewed as licence fee is frozen for two years” – below is their description.

The government will “undertake a review” of the BBC’s funding model and the licence fee will be frozen for the next two years, the Culture Secretary Nadine Dorries has said.

Ms Dorries told MPs it is “time to look further into the future” as we are now “living in a world of streaming giants”.

The Culture Secretary also confirmed the BBC licence fee will be frozen for the next two years and will rise in line with inflation for the four years after that.

It means the current £159 annual charge will remain in place until 2024 and equates to a severe real-terms cut in the corporation’s funding.

Sky News YouTube Channel

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About This Source - Sky News

Sky News is a British free-to-air television news channel and organisation. Sky News is distributed via a radio news service, and through online channels. It is owned by Sky Group, a division of Comcast. John Ryley is the head of Sky News, a role he has held since June 2006.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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