A reminder that the Conservative Government knows what's happening to inflation. Recent licence fee deals have been calculated using the Consumer Prices Index (CPI) rate of inflation, measuring the average over a year. Freezing the fee at £159 until 2024 avoids giving the BBC something of a windfall. [Salt-in-the wound dept: Nadine has also taken an additional £7.5m from all licence fee payers, and given it to S4C - apparently they don't need to make efficiencies]
"Using current economic estimates it is expected that under this settlement the cost of the licence fee will increase by only around £3.50 in 2024 to £162.50 [do you reckon this lot can really get back to 2% inflation by then?]. While inflation can change, by the final year of the settlement it is anticipated the licence fee will cost less than £175."
"The government has committed to support the BBC in what is a fast-changing broadcasting landscape by more than double the borrowing limit of the BBC’s commercial arm to £750 million."
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