It’s been four years since the BBC revealed it was going under.
Its board is now in a minority.
It’s facing a number of challenges, including the BBC being bought by a US company, and the BBC facing the threat of a global takeover.
It has been a busy four years for the BBC, which has launched two series of new series and plans to continue to produce and broadcast new programmes in the coming years.
The BBC has launched new programmes for the 2020s, 2020s 2020, 2020S and 2020S18.
It also has a new series, which will be broadcast on iPlayer in the autumn, called ‘Travellers’.
The BBC said it was planning to continue producing new programmes, including its flagship series, The World Today, as well as its popular series, History’s Biggest Hits.
What the BBC did not say, or say to the public, is that the BBC has not only stopped producing new content but also is losing money, with a loss of over £100m in the first quarter of 2019 alone.
It had already lost £200m on the previous year’s financial year, with the year to date being a huge loss for the corporation.
The loss was even more pronounced in the period to the end of March.
The UK’s leading newspaper, the Independent, reported in March that the corporation was on the verge of losing £30m.
What happened?
In March, it announced that the board of the BBC Trust had recommended the company to the Royal Bank of Scotland as it sought to exit the UK’s financial markets.
The board said the BBC had a strong financial position, but was unable to find an investor.
The decision was supported by the BBC’s own internal accounts, which showed that its losses were not due to a collapse in the BBC or a reduction in revenue.
Instead, the board said, the company’s loss was due to: a decline in the value of its businesses; a reduction in its broadcasting rights; increased debt service; further restructuring of its operating structure; and the creation of an additional £100 million in additional liabilities to meet its future funding needs.
However, the BBC failed to disclose the extent of its losses, and its board was not informed of the full financial position until March, the final quarter of its financial year.
The failure of the board to inform the public was in breach of BBC rules governing the publication of information about the financial position of the corporation, the chairman of the Trust, Sir Jeremy Heywood, told the BBC.
The report found that the trust had “not complied with its obligations under the Broadcasting Act in relation to the disclosure of the information in this matter”.
In particular, the trust did not properly record the losses in its accounts, and did not make the information available to the BBC in its annual report.
Sir Jeremy also said that the lack of disclosure was “deeply concerning”, adding that the loss was “not the result of a reduction or a decrease in revenues”.
What the media and political elite didn’t tell the public What the public wasn’t told about the collapse of the trust was that the bank was not being run properly.
The bank’s accounts were not audited properly, the bank did not have a proper accounting and the bank’s management was not in control.
This was, in part, because the BBC was not a proper bank.
The trust’s accounts had been frozen in the summer of 2016.
As a result, the trustees were not aware of this until March.
“They did not disclose this to the trustees or to the shareholders, to the members of the management team, to anyone else, and I think the board should have known that,” Sir Jeremy told the Financial Times.
He said the bank had been “unfit to be an independent financial institution” and was “unlikely to meet the requirements of the UK Financial Services Authority (FSA).”
In fact, the Trust was a bank for the benefit of the government, not the public.
The Trust was not required to comply with its statutory obligations and in doing so had a “distorting effect on the conduct of the bank”.
The BBC Trust is a government-owned trust and the trustees are the government.
However the BBC is not the BBC and is not a public corporation.
In fact the BBC board is the government’s chief executive.
In a statement, the government said that it was “profoundly disappointed” with the BBC Board’s “failure to fully disclose its financial position and its failure to report significant loss to the taxpayers”.
The government said the government would “take appropriate action” against the trustees.
The government added that it would not support the trustees’ attempts to “defraud taxpayers”.
Sir Jeremy said that while the government had given the trustees “excellent advice” the board had not taken any action to prevent the financial crisis of the early 2020s.
“The trustees have been given a poor and incomplete account of the situation at the BBC.” What