The U.K. Minister for Culture is considering funding options for the BBC but has committed to keeping the licence fee until at least 2027.

The TV licence fee could be scrapped after the Labour Government's announcement that a "honest conversation" into the BBC's funding model will now take place. Culture Secretary Lisa Nandy has confirmed the public broadcaster's licence fee model will continue until at least 2027,

The cost of a TV licence is due to increase in line with inflation each year until 2027 - and the Government has now confirmed how much it will go up by next year

Labour says it is ‘providing BBC with funding certainty’ as cost rises to £174.50 in April

The BBC licence fee will increase in line with inflation each year until 2027, rising in April to £174.50, the Government has announced. It will be an increase of £5, or an extra 42p a month, after the last £10.50 rise brought the charge to £169.50 in April.

The annual household payment will be increased each year in line with the annual consumer price index (CPI) inflation rate

Culture Secretary Lisa Nandy has confirmed the public broadcaster's licence fee model will continue until at least 2027.

The BBC license fee will return to rising with inflation again until 2027, as new Culture Secretary Lisa Nandy continues with her reset of relations and looks to the future. The corporation’s funding was supposed to be returning to an inflationary rise last year but was handed a below-inflation rise by the Conservatives,

Additionally, the price for a black and white TV licence will see a £1.50 rise, moving from £57 annually to £58.50. Culture Secretary Lisa Nandy confirmed the updated pricing today, while also stating that the licence fee funding model will remain in place until 2027.