Business · 2 hours ago
BBC public service cash reserves drop 66 percent to 125 million pounds
The broadcaster spent hundreds of millions over a single financial year while cutting jobs to save 500 million pounds. Matt Brittin, the new director general, told staff on an internal call last week that limited elbow room remains. The licence fee has lost about 1.3 billion pounds in real terms since 2017 due to freezes and fewer paying households.
Reported by The Guardian · How we write briefs
