B995 – Media Company Privatisation Bill 2016 (corrected first reading) Watch

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toronto353
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B995 – Media Company Privatisation Bill 2016 (corrected first reading); the Hon. Nigel Farage MEP
Privatisation Bill 2016

A
BILL
TO


Privatise the BBC, privatise Channel 4, and remove the licence fee.

BE IT ENACTED by The Queen's most Excellent Majesty, by and with the advice and consent of the Commons in this present Parliament assembled, in accordance with the provisions of the Parliament Acts 1911 and 1949, and by the authority of the same, as follows:-

1 Channel Four Television Corporation

(1) Channel Four Television Company will be valued by an organisation appointed by the Department for Culture, Media, and Sport.
(2) The process of privatisation, and floating the company on the stock market shall be handled by the organisation the Department for Culture, Media, and Sport appoints to value Channel Four.
(3) A 15% stake in Channel Four Television Company shall be transferred to United Kingdom Financial Investments Ltd.

2 British Broadcasting Corporation

(1) The British Broadcasting Corporation will be valued by an organisation appointed by the Department for Culture, Media, and Sport.
(2) The process of privatisation, and floating the company on the stock market shall be handled by the organisation the Department for Culture, Media, and Sport appoints to value the BBC.
(3) A 15% stake in the British Broadcasting Corporation shall be transferred to United Kingdom Financial Investments Ltd.

3 Repeals

(1) Part 3 Chapter 1 of the Communications Act 2003 is hereby repealed.
(2) Part 4 of the Communications Act 2003 is hereby repealed.
(3) Part 3 Chapter 4 Section 338 of the Communications Act 2003 is hereby repealed.
(4) Chapter 4 sections 295-297 titled Special Obligations for Channel Four of the Communications Act 2003 is hereby repealed.
(5) The Communications (Television Licensing) Regulations 2004 is hereby repealed.
(6) The Communications (Television Licensing) (Amendment) Regulations 2010 is hereby repealed.

4 BBC Trust

The BBC trust will be disbanded immediately at the passing of this Act.

5 Ofcom

(1) Ofcom is hereby abolished.
a. References to Ofcom in the Communications Act 2003 are repealed.
(2) All obligations a Public Service Broadcast will be removed.

6 Commencement, short title and extent

(1) This Act shall come into force on the 1st April 2017.
(2) This Act may be cited as the Media Act 2016.
(3) This Act extends to the United Kingdom.

Notes

This is a rewrite of the bill in April to privatise the two state broadcasters in Britain.


(Original post by Nigel Farage MEP)
QFA
I've been informed that this is a PMB by the Speaker, but see that the version posted last night has TSR UKIP as the proposer of the Bill. I've marked it as a PMB for now, but let me know if that's incorrect and I'll change the author accordingly.
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Lime-man
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It was a Nay before and now it's an even bigger nay because of the obnoxious formatting.
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PetrosAC
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Still a Nay
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Quamquam123
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There is no need for these things to be privatised. Nay.
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EricAteYou
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Still a nay.
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Life_peer
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Aye. The BBC needs at least private management.
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Mactotaur
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Nay, and for the same reasons.
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SoggyCabbages
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Nay.;
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GaelicBolshevik
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Aye.
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Tanqueray91
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Starting to lean towards an Aye.

(Original post by DMcGovern)
Aye.
THE ****!?
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McRite
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Maybe an.............................. .........aye...........wohhh.... ......
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RayApparently
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The BBC is a beloved institution in this country. I'd have thought that the Union Jack waving Kippers would be very keen on keeping it.


No.
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GaelicBolshevik
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(Original post by mobbsy91)
Starting to lean towards an Aye.



THE ****!?
PYSCHE!

Hahaaa as if I'd ever support privatisation you ****ing mad bro
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Andy98
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I honestly thought Channel 4 was privatised.

Either way, it's a nay from me
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cranbrook_aspie
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Good to know there's at least one of the Speakership team who can be trusted to post the correct version of an item.

Still nay, we should get rid of the licence fee and fund the BBC by general taxation or ads though.
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username1450924
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Absolutely not. Nay
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TheDefiniteArticle
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Why has a new thread been made rather than simply editing the OP?
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Saracen's Fez
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(Original post by TheDefiniteArticle)
Why has a new thread been made rather than simply editing the OP?
So that the debate is clearly all focused upon the content of the correct version.
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Rakas21
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Is this bill just selling 15% or are we just keeping 15%? Also, how much do we own of C4.

No notes and no costing Nige, very poor and unexpected from you.

At any rate it's a firm in a competitive sector ripe for privatisation and probably a merger and/or aquisition however the House is clearly not going for it and i'd want the state to keep a stake but a non-controlling one.
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Jammy Duel
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(Original post by Rakas21)
Is this bill just selling 15% or are we just keeping 15%? Also, how much do we own of C4.

No notes and no costing Nige, very poor and unexpected from you.

At any rate it's a firm in a competitive sector ripe for privatisation and probably a merger and/or aquisition however the House is clearly not going for it and i'd want the state to keep a stake but a non-controlling one.
As far as I can see Channel 4 is entirely state owned via CMS. As for costing, not quite sure how it can be costed given we have no idea what they'd be worth.

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