From Conservative Home. I particularly liked number 3:
There is an attraction for free-marketeers in making the BBC compete with others for licence fee money… However we rejected it because we believe it would make all broadcasters focus not on attracting viewers but on attracting subsidies. We need a BBC that uses the licence fee to produce programmes of the highest quality – and commercial broadcasters to keep it on its toes. The danger of the top-slicing model is that broadcasters would focus their energies more on lobbying Westminster than producing programmes that viewers want to watch.
I suspect this will be the last in the series.