Here are the main media and technology highlights from today’s UK Spending Review (complete report, press notice), as revealed by chancellor George Osborne…
— DCMS annual budget down by 24 percent from £1.4 billion (2010/11) to £1.1 billion (2014/15), with admin budget down by 41 percent.
— “The TV licence fee will fund BBC World Service, BBC Monitoring, and S4C saving the Exchequer £340m from 2014-15. BBC and HMG (Her Majesty’s Government) also agreed that the TV licence fee will be frozen until 2016-17.”
— “Investment of £530 million over the spending review period (including £300m from the TV licence fee) to boost the UK