The BBC's covert funding of greenery
Jan 14, 2014
Bishop Hill in BBC

The Telegraph is apparently reporting (£) that the BBC has decided that the deficit in its pension scheme - some £740 million - should be made up by the corporation rather than by asking scheme members to make extra contributions.

It's a common meme on sceptic blogs that the BBC's output is influenced by its pension scheme's many investments in green businesses. I don't subscribe to this view myself since the scheme is defined benefit and therefore there would be no particular advantage to BBC journalists hyping greenery. Nevertheless, this new development means that the scheme will in effect have handed over all those hundreds of millions of pounds to green businesses at the expense of the licence fee payer. The political interests of the scheme managers are receiving an illicit subsidy.

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