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The TV licence fee is going up by £1.50 a year, the government has announced.

From 1st April, it will set you back £147 a year, up from £145.50. This will be the first price rise since 2010, when the coalition government froze the fee until 31st March 2017.

The fee will rise with inflation for the next five years.

The licence fee covers the cost of the publically-funded BBC. It also contributes to the cost of rolling out broadband to the UK, and funds local TV channels like Welsh station S4C.

Viewers will be alerted to the higher price when their licence comes up for renewal. If you pay for it on an instalment scheme that started before 1st April, your payments will still total £145.50 until it needs renewing.

Last year, the BBC closed the iPlayer loophole, which let people watch BBC content on its iPlayer catch-up service without the need for a licence fee. The licence fee was also guaranteed as the way to fund the BBC for at least the next 11 years.

Source: BBC

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