As long as the appointment process is transparent and there is a broad mix of political views among the governors of the BBC, I think the public can feel confident that impartiality and independence are just as important to me as they have been to previous incumbents.

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.

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.

Over the last decade, - economists seemed to share a broad consensus about economic policy, with the old splits between monetarists and Keynesians apparently being settled by events. But the Great Recession of the last two years has changed everything.

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.

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.