Stat of the day: £670m

10 months after the Beeb first announced its ‘Delivering Quality First’ programme, it will today reveal how it intends to meet the 20% budget cuts as a result of the licence fee freeze. We can hardly wait.

The DQF consultation process started in January, with director general Mark Thompson warning that ‘tough decisions’ would need to be made. Today the broadcaster confirmed it’ll reduce its 17,000 staff by 2,000 and scale back on programme production in an attempt to save £700m a year. The corporation is aiming to make savings of 20% of the £3.5bn yearly licence fee, after a six-year freeze on the broadcaster’s income was put in place last year.