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Story summary
- BBC will slash £500 million from its budget, with £160 million needed immediately.
- The cuts will eliminate 2,000 jobs, including 550 news, nations and TV staff already removed.
- Interim Head of News Jonathan Munro announced another 200 news posts will close to save £51 million by April.
- Director-General Matt Brittin proposed replacing the licence fee with a mandatory household levy as households fall to 23 million.
