Gavyn Davies on Inflation, Asset Allocation and ChatGPT
Macro Hive Conversations With Bilal Hafeez
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The Future of the BBC
I think it is difficult for the BBC with a annual budget now about $5 billion, I think something like that, to retain its waterfront coverage across all sectors of broadcasting. The BBC can still do wonderful drama, but in smaller amounts, I would say, and maybe more in areas that are not fully served by the free market. In some other countries, the public broadcaster sort of morphs too close to being the government broadcaster or the state broadcaster. And in the BBC, we've always been careful to avoid that. That's why the BBC retains value.
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