Ofcom’s annual state of the media report reveals that YouTube has overtaken ITV to become the country’s second most-consumed media service. Behind only the BBC…
YouTube is consumed for 39 minutes on average every day with 14% of total hours viewed. The BBC is on 19%, ITV 12%, and Netflix on 8%. YouTube consumption among over-55s has almost doubled in a year…
The video hosting platform is the most popular for the 4-34 age group while linear TV “continued its long-term decline in 2024.” The findings are written up variously as “YouTube most popular TV choice for younger Brits, Ofcom finds” and “BBC risks exodus as older viewers flock to YouTube.” Ofcom says YouTube’s variety of content including long-form video have increased its draw. The curtains are closing on legacy media output…
Andy Haldane, Burnham’s recent adviser on the economy who has not taken up a No10 job, told Andrew Marr on LBC:
“The market now suspects that this is a traditional tax-and-spend socialist government with better TikTok videos…
imposing windfall taxes on oil & gas or on banks or upping capital gains tax would […] repeat the mistake that Rachel made […] The Achilles heel, the fiscal Achilles heel of this government thus far has been its unwillingness and/or inability to cut public spending.”