The TV licence fee will rise by £5 to £174.50 in April, the government has announced. The increase follows a £10.50 increase this April after the fee been frozen for two years. The licence fee, which provides the BBC with funding, is upped based on the annual Consumer Price Index inflation rate. The Department for Culture, Media and Sport said this practice will continue until 2027 to 'provide the BBC with funding certainty'.
'I want to see it thrive for decades to come.' However, she said there will be an 'honest national conversation about the broadcaster's long-term future' through the Charter Review. 'In the short term, we are providing the BBC with funding certainty, while supporting thousands more households facing financial hardship to spread the cost of a TV licence,' she added.
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