Read this: BBC spending to be cut by 20% in real terms over five years, says OBR
Summary: BBC spending could fall 20 in real terms over the next five years under the government's plans to hand the corporation the bill for providing free TV licences to the over-75s, according to the Office for Budget Responsibility's analysis of Wednesday's budget. The OBR predicts BBC spending will fall by about pound400m from pound3.9bn this year to pound3.5bn in 2020/21 as the BBC takes responsibly for the bill in phases. - www.theguardian.com
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