BBC willing to look at 'radical' funding options

THE BBC has said it is “willing to consider radical options for future funding”, adding it would consider a cut to the licence fee or offering more concessions to help with affordability.

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The current model is “not sustainable and needs reform”, according to the corporation, as it faces cost-saving measures as well as increased production costs and declining licence fee income.

The BBC has set a new target of £500m in savings over two years, saying this will “inevitably mean changes, and we are looking at all options”.