Picking out the plums
From our UK edition
‘How much did you say the TV licence cost?’ asks my American friend. ‘£145.50,’ I reply. ‘One hundred and forty-five pounds,’ she repeats, with astonishment. ‘And everyone has to pay it?’ ‘Yep. Every home with a TV.’ ‘That’s a lot of money.’ My friend is an economist, with the ability to be as precise about the US’s federal budget as I am about what I’ve just spent at the supermarket. She made me stop and think. If you multiply £145.50 by 26.4 million households, that is for sure a huge amount of money. Is it worth it? It’s the obvious question, to which the answer has to be yes, if the alternative is a commercially driven network, and especially when it comes to News.