BBC Accounts and Trust Statement 2024-25

Public Accounts Committee Open Inquiry
Opened: 10 Jul 2025 Parliament page
An average 85% of UK adults use the BBC each week, spending 6hr26min watching BBC TV/iPlayer. In 2023-24, there were 23.9 million TV licences in force at the end of the year, around 775,000 of which were free licences for those aged over 75. In 2023, the value of the … Read more
6 Recommendations
26 Conclusions
1 Report
1 Oral session
3 Letters
1 Event
Activity timeline 7 events
14 May
2026
Correspondence
27 Apr
2026
Correspondence
16 Mar
2026
Correspondence
19 Jan
2026
Report published
21 Nov
2025
Report published
15 Sep
2025
Oral evidence
15 Sep
2025
Formal meeting (oral evidence session) · The Grimond Room, Portcullis House
Oral evidence sessions 1 session
15 Sep 2025
View on parliament.uk
Leigh Tavaziva · BBC Shirley Cameron · BBC Tim Davie CBE · BBC
Title HC No. Published Items Response
56th Report - BBC Accounts and Trust Statement 2024–25 HC 1230 21 Nov 2025 32 Responded
Recommendations & Conclusions
8 results
Clear
3 Conclusion Accepted
56th Report - BBC Accounts and Tru…
Report annually on commercial investment returns and optimisation of debt limits and cash reserves.
The BBC does not provide clear information about its commercial investments, or targets and actual returns from its commercial activities. The BBC has sought to offset real-terms reductions in licence fee income by increasing savings and boosting returns from its … Read more
Government Response
The BBC partially agreed, committing to publish BBC Commercial’s overall returns, including dividends, annually in its Annual Report and Accounts. It also noted existing reporting to Ofcom but did not explicitly commit to reporting on the optimisation of debt limits and cash reserves.
HM Treasury
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4 Conclusion Accepted
56th Report - BBC Accounts and Tru…
Prioritise generation of new intellectual property and report clearly on progress against its targets.
Progress in developing new IP remains behind target, which in turn will limit sustainable long-term revenue streams. The BBC told us that it has achieved 31% of income for 2024–25 from its most profitable streams through new intellectual property (IP), … Read more
Government Response
The BBC agreed that generating new IP is important, describing its ongoing activities in content creation, brand nurturing, and investment in third-party IP. It stated it already reports on Owned IP success but will not split out a specific IP target in its Annual Report and Accounts.
HM Treasury
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5 Recommendation Accepted
56th Report - BBC Accounts and Tru…
Set out plans to ensure access and engagement with all audiences, including digital innovation.
The BBC’s mission to ‘serve all audiences’ is at risk as younger audiences choose other media providers, while the BBC’s digital- first strategy could risk alienating non digital audiences. As younger viewers turn to other platforms and older or less … Read more
Government Response
The BBC agreed and stated the recommendation is implemented, detailing its existing digital-first strategy, initiatives for engaging younger and unconnected audiences, and current reach statistics across various platforms.
HM Treasury
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6 Conclusion Accepted
56th Report - BBC Accounts and Tru…
Communicate clearly how 'Across the UK' initiatives will enhance local community representation and sustain trust.
The BBC is a trusted institution but its relevance across the UK is under pressure. While the economic benefits of the “Across the UK” programme moving production outside of London are now clearly quantified, in response to this Committee’s past … Read more
Government Response
The BBC agreed, explaining that its 'Across the UK' programme has already moved significant network programming and commissioning outside London to improve audience portrayal and diversity of voice, and it intends to build on these existing plans.
HM Treasury
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10 Conclusion Accepted
56th Report - BBC Accounts and Tru…
BBC lacks public evasion targets, prioritising internal revenue goals and customer service incentives.
The BBC did not set an evasion target for 2024–25, and we asked whether there were any internal targets that had not been publicly disclosed.16 The BBC told us that it had clear internal revenue targets and a target for … Read more
Government Response
TVL focuses on Licences in Force and implicit in that is minimising evasion. The BBC carries out trend modelling to forecast changes in licensable consumption and trends in evasion. The BBC’s activities on collection and enforcement focus on availability of service and fair and proportionate treatment of customers.
HM Treasury
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23 Conclusion Accepted
56th Report - BBC Accounts and Tru…
BBC actively increasing UK intellectual property ownership amidst capital allocation and risk management.
We asked the BBC, given it was not meeting its ambitions for new IP, what steps it would take to increase this. The BBC told us it had appointed a new CEO for BBC Studios production, was bringing in new … Read more
Government Response
BBC Studios makes and distributes content, nurturing well-known brands and formats. BBC Studios is committed to developing long-term Intellectual Property (IP), which remains central to its strategy for growing the Global Content Studio. Alongside BBC Studios-created IP, it also invests in and exploits third-party IP.
HM Treasury
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24 Conclusion Accepted
56th Report - BBC Accounts and Tru…
BBC struggles to maintain relevance and appeal among younger audiences aged 16-34.
The BBC faces a significant challenge in maintaining relevance among younger audiences. In 2024–25, only 67% of those aged 16–34 used BBC services weekly, compared with 96% of those aged 55 and over, and below the BBC’s own target of … Read more
Government Response
The BBC is committed to delivering outstanding value to all audiences as a universal public service, and to serving younger digital-first audiences and making services available to unconnected audiences; they cite usage stats and initiatives.
HM Treasury
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29 Recommendation Accepted
56th Report - BBC Accounts and Tru…
BBC demonstrates progress in relocating spend and staff through its \
On Across the UK, we drew attention to a prior Public Accounts Committee finding in 2024 that the BBC had “begun implementing its programme without a clear plan and could not readily explain the expected impact and benefits for licence … Read more
Government Response
BBC will share information on an annual basis as part of the BBC Annual Report and Accounts which identifies the level of investment in its content from the Nations and Regions of the UK as well as audience data; target date 2026.
HM Treasury
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Government Response AI assessment · 31 of 6 classified
Accepted 8
Accepted in Part 9
Acknowledged 8
Deferred 5
Rejected 1
Total 6 recs + 26 conclusions
Correspondence 3 letters
14 May 2026 To committee Letter from the Director, Across the UK at the BBC relating to BBC’s Implementation of Across the UK, 25 March 2026
Parliament page
27 Apr 2026 To committee Letter from the Chief Operating Officer at the BBC relating to BBC accounts and trust statement, 16 April 2026
Parliament page
16 Mar 2026 From committee Letter to the Director General of the BBC relating to Treasury Minute response: BBC Accounts and Trust Statement 2024-25, 16 March 2025
Parliament page