I want the BBC to be a mass market public service broadcaster still funded by the licence fee... and the licence fee is more durable than many people in the commercial sector believe.

The BBC is part of the glue which binds the United Kingdom together. At those times of national moment - of joy or sadness, in the UK or around the world, at times when the nation wants to celebrate, mourn or just enjoy itself people turn to the BBC.

Without the BBC, the proliferation of television and radio channels by the private sector would simply result in more and more channels, with tiny audiences, all seeking to do the same thing. The future would be one of fragmentation - fragmentation without either plurality or diversity.

Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.

It was an interesting question as to whether the BBC had a future in the digital world, and what form of market failure could justify the licence fee system.

The BBC provides the commentary on our lives, the soundtrack of the nation. It is one of the most powerful unifying forces in the United Kingdom today.

The BBC must never be all about ratings - or even mainly about ratings. In the past year, we have made a raft of terrific programmes which stand comparison with the best the BBC has ever done: 'Blue Planet,' 'Walking with Beasts,' 'Son of God,' 'Clocking Off,' 'The Way We Live Now,' 'Conspiracy,' 'Lost World.