The BBC plans to cut 500 jobs as the UK national broadcaster seeks more cost savings after a savage real-term decline in its funding from the licence fee over the past decade.
Samir Shah, who became chair of the corporation this year, on Tuesday warned the funding squeeze meant its “content budgets are now impacted, which in turn will have a significant impact on the wider creative sector across the UK”.
The publicly funded broadcaster has registered a real-term fall in income of close to a third since 2010 — a difference of more than £1bn a year.
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