It is not the BBC but the Government who are reneging on their promises to the electorate, which were made as recently as 2017—it is as simple as that.
The Government should consider taking back responsibility for funding free licences. That would cost £740 million by 2020-21, which sounds like a lot, but is a drop in the ocean compared with most Government expenditure and with the spending proposals made by the Conservative leadership candidates. Mr Hunt says that he will cut corporation tax to 12.5%, which would be one of the lowest rates in the developed world and would cost £13 billion. Boris Johnson—I was going to say “for Henley,” but he does move about a lot. [Interruption.] I apologise to John Howell. The right hon. Member for Uxbridge and South Ruislip says that he will raise the threshold for the 40% rate of tax. That would cost £9 billion, and the Institute for Fiscal Studies says most of the benefit will go to the top 10% of earners. I have heard those on the Government Benches say that change would protect those on middle incomes. They need to get real. The median income in this country is not £50,000. It is not even £40,000. Last year it was £28,400, and that is hugely inflated because incomes at the top end include large bonuses. There is a choice. Does anyone in this Chamber need a tax cut? We might like one—