![\"Tim](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/02\/bbc-to-make-hundreds-of-millions-of-pounds-in-cuts-over-next-three-years.jpg\")
Tim Davie is standing down as director-general (PA)<\/p>\nThe BBC will make hundreds of millions of pounds in cuts in the next three years as it continues to face \u201csubstantial financial pressures\u201d.<\/p>\n
The corporation said in a statement that it expects to make savings of about 10 per cent of its costs by 2029, but no detail was given about what services may be affected.<\/p>\n
It comes after it was revealed in January 2025 that the BBC World Service was to axe 130 jobs as it looked to save about \u20ac6.9 million (\u00a36 million) for the next financial year.<\/p>\n
Tim Davie is standing down as director-general (PA)<\/p>\n
Tim Davie, the outgoing director-general, told staff about the latest plans on Thursday.<\/p>\n
It is understood that the corporation will focus its funding on services which will help it \u201cremain relevant\u201d to audiences.<\/p>\n
The cuts are on top of an existing \u20ac803 million (\u00a3700 million) savings and reinvestment programme, which still needs to plug a \u20ac170 million (\u00a3150 million) gap.<\/p>\n
Predominantly funded through the annual \u20ac190 (\u00a3174.50) licence fee, paid by UK TV-watching households, the BBC has faced pressure over its value for money as it faces competition from streaming giants like Netflix and Disney+.<\/p>\n
\n<\/p>\n
Earlier this month, it was announced that the licence fee will rise to \u20ac206 (\u00a3180) per year from April 1st.<\/p>\n
A BBC spokesperson said: \u201cOver the last three years, we have delivered more than a half a billion pounds worth of savings, much of which we\u2019ve been able to reinvest into our output across the BBC.<\/p>\n
\u201cIn a rapidly changing media market, we continue to face substantial financial pressures.<\/p>\n
\u201cAs a result, we expect to make further savings over the next three years of around 10 per cent of our costs.<\/p>\n
\u201cThis is about the BBC becoming more productive and prioritising our offer to audiences to ensure we\u2019re providing the best value for money, both now and in the future.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The BBC will make hundreds of millions of pounds in cuts in the next three years as it…\n","protected":false},"author":2,"featured_media":296092,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[93,61,60,282],"class_list":["post-296091","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tv","tag-entertainment","tag-ie","tag-ireland","tag-tv"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/296091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=296091"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/296091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/296092"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=296091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=296091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=296091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}