Do you get value for money? Commercial rivals don’t!
Click to see the big BBC funding picture
(Source: The Guardian)
BBC funding in pretty, graphical form
Previous post: If Government debt is to drop, who pays?
Laughing in the face of the efficient market
Do you get value for money? Commercial rivals don’t!
Click to see the big BBC funding picture
(Source: The Guardian)
Previous post: If Government debt is to drop, who pays?
{ 1 trackback }
{ 6 comments… read them below or add one }
I find it really hard to understand how it costs the BBC £123m — MILLION — to collect the license fee. They must spend a lot of that to aggressively chase the “long tail” of non-payers, I expect.
Interesting reading the BBC accounts. Their (defined benefit) pension scheme target asset allocation is: “50% (UK equities 25% and overseas equities 25%), bonds 30%, property 10% and
alternatives 10%”
The employer contribution rate is 18%. Nice work, if you can get it.
Those infamous ‘detector vans’ don’t come cheap, Lemondy! Anyway, yes, it’s a farce – it’s a tax effectively, but one that comes with a £123 million handling fee.
Good work digging up the pension scheme allocations – looks sensible enough. (I wonder what alternatives are? “BBC uses hedge fund!” scandal, ahoy?”)
Now you have me wondering how many detector vans I can buy for £123 million.
They have a bunch of detail about the fund here:
http://www.bbc.co.uk/mypension/en/sites/content/pages/downloads6.shtml
it looks most of the “alternative” assets are private equity with some infrastructure funds.
wheres bbc alba hiding in this?
i agree the costs collecting the fee seem high, but is it comparable to the london congestion charge which costs c100mill to run.
or maybe both are ridiculously high?
In my view the congestion charge is different, because it’s only paid by people coming into London, and you specifically need to target it in order to try to change driver’s behaviour. (I’m not arguing here whether it’s right or wrong to do so, just saying that’s the mechanism).
In contrast every household pretty much has a TV, so it would be just as sensible to pay for the BBC out of general taxation. The only reason it’s not done like that is political, and that costs us £123 million!
Thanks for stopping by, hope you find this new site useful.
yes, see what you mean,
i was just thinking about admin costs per end user and whether these schemes are run efficiently.
love the spin off, but more a fan of the original, as im more into long term holding, if you see what i mean. still, id rather hear about some short term stuff here than what often passes for conversation on iii!