31/03/2011

Ofcom Faces Budget Cuts

Ofcom has just announced a significant reduction in its budget for 2011/12.

The independent regulator and competition authority for the UK communications industries - with responsibilities across television, radio, telecommunications and wireless communications services - has identified significant expenditure savings in response to the challenge facing the public sector more generally.
News Image
Over four years to 2014/15 Ofcom will reduce its total budget by 28.2% in real terms, but, in a drive to reshape and refocus the organisation, the majority of the cuts will be made in year one.

In 2011/12 Ofcom's total budget will be £115.8m. This is a 22.5% real terms year-on-year reduction, some £26.7m.

Ofcom is funded by a mixture of government grants for specific activities and fees from the stakeholders that it regulates.

(BMcC/GK)

Related UK National News Stories
Click here for the latest headlines.

08 May 2008
Ofcom Hits ITV With Record Fine
Ofcom have fined ITV £5.67 million for breaching codes of conduct in relation to viewer phone-ins. The record fine follows an investigation by the regulator into the broadcaster's most popular shows.
20 February 2013
4G Auctions Nets Less Than Expected
Ofcom have raised £2.34bn from its auction of 4G mobile spectrum, noticeably less than had been forecast. Predictions issued by the Office for Budget Responsibility (OBR) had expected the auction to raise £3.5bn for the Treasury It was also significantly down on the £22bn raised by the 3G auction in 2000.
14 February 2008
More Officers On The Streets Of London
Up to a thousand more police officers could be patrolling the streets of London now that budget plans have been approved. The Metropolitan Police Authority (MPA) welcomed the approval of their 2008/09 budget proposals agreed by the Mayor and the London Assembly.
21 October 2010
'Review Reinforces Commitment', Health Secretary
In line with the government's commitment to protect health spending, overall NHS spending is set to increase by 0.4% in real terms over the course of the Spending Review period. This will include a 1.3% increase in the resource budget, and a 17% decrease in capital spending.
26 September 2007
GMTV Fined £2 Million Over Phone-In Competitions
GMTV has been fined £2 million by media regulator Ofcom for failings with its phone-in quizzes. Ofcom said that the fine, the largest ever for a broadcaster, was imposed because GMTV had allowed viewers to continue entering premium-rate competitions that they had no chance of winning.