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The culture secretary has said she is concerned the planned 9% rise in the BBC licence fee is “very high” and that the BBC must remain “value for money”.

Lucy Frazer said the government wanted to ensure the licence fee rises by an “appropriate amount” amid the ongoing cost of living crisis.

The licence fee is currently £159 per year but is due to increase by 9% or £15 to £173.30 in April.

Asked by Sky News’s Kay Burley whether the planned rise would not happen due to the government’s concerns, Ms Frazer replied: “I’m concerned that that’s a very high level.

“It’s a decision that I’m looking at the moment and we’ll be making an announcement on this very shortly.”

Pressed again on whether the rise would not go ahead, Ms Frazer replied: “Well, I’m concerned about that level of rise. So it’s something that we’re looking at very carefully.”

Culture Secretary Lucy Frazer leaving Number 10 Downing Street, London, after a Cabinet meeting. Picture date: Tuesday June 20, 2023.
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Culture Secretary Lucy Frazer

Ms Frazer said that although she believed the BBC provided a “fantastic service” and was an “amazing tool for soft power”, the “media landscape is changing” and the licence fee must be “fair to people”.

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She said 400,000 people did not renew their licence fees last year and that’s why she was also “doing a broader review on the licence fee in the round and how we should fund the BBC”.

Prime Minister Rishi Sunak told reporters over the weekend that the BBC should be “realistic about what it can expect people to pay at a time like this”.

“I think it is welcome that the BBC are looking at making savings and efficiencies in how they operate,” he said.

“It’s really important that when things are difficult everyone is doing what they can to ease the cost of living on families.

“That’s certainly what I have done over the last year and made a bunch of decisions that haven’t been easy, but that’s helped to bring inflation down to ease the burden and the cost of living.

“The BBC like any other organisation that serves the public should be looking to do that and cut its cloth appropriately so I think that is very welcome.”

He added: “Final decisions haven’t been taken obviously – but the BBC should be realistic about what it can expect people to pay at a time like this.”

Read more:
What could alternative funding methods look like?
BBC Newsnight to be cut to 30 minutes

The government is currently looking at whether to replace the £159-a-year licence fee with a new funding model after 2027, when the BBC’s current Royal Charter ends.

The licence fee is due to start rising again with inflation from April after a two-year freeze.

Non-payment of the licence fee is a crime and is enforced by door-stepping inspectors.

Almost 1,000 people a week – seven out of 10 of whom are women – are prosecuted for evasion.

Asked whether pensioners should be “locked up if they don’t pay their licence fee”, Ms Frazer said: “I’m not in favour of criminalisation and it’s one of the things that we will be looking at in the charter review.”

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Specialist teams and online investigators deployed across England and Wales to tackle ‘national emergency’ of violence against women and girls

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Specialist teams and online investigators deployed across England and Wales to tackle 'national emergency' of violence against women and girls

Specialist investigation teams for rape and sexual offences are to be created across England and Wales as the home secretary declares violence against women and girls a “national emergency”.

Shabana Mahmood said the dedicated units will be in place across every force by 2029 as part of Labour’s violence against women and girls (VAWG) strategy due to be launched later this week.

The use of Domestic Abuse Protection Orders (DAPOs), which had been trialled in several areas, will also be rolled out across England and Wales. They are designed to target abusers by imposing curfews, electronic tags and exclusion zones.

The orders cover all forms of domestic abuse, including economic abuse, coercive and controlling behaviour, stalking and ‘honour’-based abuse. Breaching the terms can carry a prison term of up to five years.

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Govt ‘thinking again’ on abuse strategy

Nearly £2m will also be spent funding a network of officers to target offenders operating within the online space.

Teams will use covert and intelligence techniques to tackle violence against women and girls via apps and websites.

A similar undercover network funded by the Home Office to examine child sexual abuse has arrested over 1,700 perpetrators.

More on Domestic Abuse

Abuse is ‘national emergency’

Ms Mahmood said in a statement: “This government has declared violence against women and girls a national emergency.

“For too long, these crimes have been considered a fact of life. That’s not good enough. We will halve it in a decade.

“Today, we announce a range of measures to bear down on abusers, stopping them in their tracks. Rapists, sex offenders and abusers will have nowhere to hide.”

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Angiolini Inquiry: Recommendations are ‘not difficult’

The target to halve violence against women and girls in a decade is a Labour manifesto pledge.

The government said the measures build on existing policy, including facial recognition technology to identify offenders, improving protections for stalking victims, making strangulation a criminal offence and establishing domestic abuse specialists in 999 control rooms.

Read more from Sky News:
Demands for violence and abuse reforms
Women still feel unsafe on streets
Minister ‘clarifies’ violence strategy

Labour has ‘failed women’

But the Conservatives said Labour had “failed women” and “broken its promises” by delaying the publication of the violence against women and girls strategy.

Shadow home secretary Chris Philp said that Labour “shrinks from uncomfortable truths, voting against tougher sentences and presiding over falling sex-offender convictions. At every turn, Labour has failed women”.

Home Secretary Shabana Mahmood will be on Sunday Morning with Trevor Phillips on Sky News this morning from 8.30am.

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The Securities and Exchange Commission publishes crypto custody guide

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The Securities and Exchange Commission publishes crypto custody guide

The United States Securities and Exchange Commission (SEC) published a crypto wallet and custody guide investor bulletin on Friday, outlining best practices and common risks of different forms of crypto storage for the investing public.

The SEC’s bulletin lists the benefits and risks of different methods of crypto custody, including self-custody versus allowing a third-party to hold digital assets on behalf of the investor.

If investors choose third-party custody, they should understand the custodian’s policies, including whether it “rehypothecates” the assets held in custody by lending them out or if the service provider is commingling client assets in a single pool instead of holding the crypto in segregated customer accounts.

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The Bitcoin supply broken down by the type of custodial arrangement. Source: River

Crypto wallet types were also outlined in the SEC guide, which broke down the pros and cons of hot wallets, which are connected to the internet, and offline storage in cold wallets.

Hot wallets carry the risk of hacking and other cybersecurity threats, according to the SEC, while cold wallets carry the risk of permanent loss if the offline storage fails, a storage device is stolen, or the private keys are compromised. 

The SEC’s crypto custody guide highlights the sweeping regulatory change at the agency, which was hostile to digital assets and the crypto industry under former SEC Chairman Gary Gensler’s leadership.