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July 2, 2010

BBC Trust admits overfunding

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by David Allen

Finally it seems that the BBC is having a reality check, with Sir Michael Lyons, chairman of the governing body the BBC Trust, admitting that the BBC is overfunded.

For the BBC and the TV Licence fee payer this is a monumental occasion, when the BBC will no longer be seeking more cash from the licence fee.

In fact the next round of negotiations is likely to introduce a cut for the first time, starting in April 2013.

The current director general of the BBC, Mark Thompson, is currently running though a major cost cutting exercise, which is expected to find savings in the region of £600 million.

The problem that the BBC faces is that like the banking industry, the consumer needs the service but does not want to pay out for executives’ millionaire lifestyles anymore.

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