<p>The Licence Fee Settlement, announced in January 2022, means the BBC will continue to receive around £3.8 billion in annual public funding. We believe this is a fair settlement for the BBC and for licence fee payers across the UK, that allows the BBC to continue to deliver its Mission and Public Purposes and keep doing what it does best while not placing immediate additional financial pressure on households.</p><p>The BBC is operationally and editorially independent, and it is up to the BBC to determine how to use its funding to deliver its Mission and Public Purposes. It should prioritise using its £3.8 billion annual licence fee income as necessary to deliver that remit.</p><p>Ofcom as the BBC’s regulator will ensure the BBC is robustly held to account in delivering its Mission and Public Purposes.</p>