Director general Tim Davie also told the Commons’ Public Accounts Committee (PAC) on Monday the corporation “welcomes” the Government announcing in December that the funding would be at a lower rate of inflation as it provides certainty to the broadcaster.
He said: “You’ve got the financial settlement, which was two years flat, four years CPI (a rate of inflation).
“We can talk about the joys of quite high inflation in year two and the additional pressures that we’ve got at the BBC, like many organisations and businesses to be fair but this does put enormous challenges.”
Mr Davie also told MPs that the corporation will look into whether there should be changes to the licence fee this year amid the Government’s review into the current funding model.
The corporation is currently looking to find £500 million in annual savings and has been reassessing its priorities…
