GB News reports losses of £31m after first year on air
The broadcaster has paid substantial sums to attract politicians and on-screen talent including Nigel Farage, Arlene Foster, and Conservative MP Jacob Rees-Mogg
Conservative British TV channel GB News has reported losses of £31 million after its first year on the airwaves.
The right-wing British television and radio channel first launched in June 2021 with promises to ‘shake up’ broadcasting, famously opening with Andrew Neil announcing: “We are proud to be British – the clue is in the name”.
However, it quickly suffered an advertiser boycott shortly after its debut with brands including Sainsbury’s and Ikea pulling ads from its channel.
Airing with shows from big names like ex-BBC journalist Andrew Neil, ex-UKIP Leader Nigel Farage, Daily Mail columnist Dan Wooton and ex-Sky broadcaster Colin Brazier amongst others, it has spent huge sums to attract on-screen talent and a year on its Companies House accounts for the year to 31 May 2022 report a loss of £30.7m.
The accounts show that GB News Limited reported advertising revenues of £2.97m, digital revenues of £564,000 and sponsorship revenue of £105,664, however, the cost of sales stood at £25.4m and operating expenses at £8.9m.
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Yet the business has said that its directors are ‘satisfied’ with the results for the year and expect growth in the future.
Conservative politician Jacob Reese Mogg hosts a regular show on the channel called ‘State of the Nation’. / Image: GB News / Youtube
The reports follow warnings from bosses in February that the channel faced a tough financial environment, as they revealed it is now being financially supported by Brexiteer hedge fund tycoon Sir Paul Marshall and Dubai-based investment company Legatum.
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At the start of March, the broadcaster moved its website from gbnews.uk to gbnews.com, which a spokesperson said: “allows us to reach a much larger potential global audience”.
The broadcaster has paid substantial sums to attract politicians and other talents including Nigel Farage, Arlene Foster, and Conservative MPs Esther McVey and Philip Davies.
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According to PA Media, McVey was paid £58,650 by GB News in 2022 and Davies £46,203.
Press Gazette also found in December that GB News had spent more than any other publisher on payments to MPs, dishing out a total of £82,040 between October 2021 and September 2022.
Since then the company has hired two more sitting Conservative parliamentarians, Jacob Rees-Mogg and Lee Anderson, to host shows on the platform.
GB News said its average monthly reach according to BARB was 2.32 million in the 2021/22 financial year, an average linear audience share of 0.3%. A spokesperson said this figure had risen to 2.84 million by February this year.
Police are searching for a missing bride-to-be, with CCTV from the day she vanished released
Daisy Jackson
Police have ramped up their appeal to find missing bride-to-be Eren Wright, releasing CCTV of her on the day she vanished.
Eren has been missing since 27 October, when she left her home address in Lytham St Annes.
Since then, her desperate fiancé has shared that her phone was last detected in Birkdale Southport at around 5.30pm that same day, and her bank accounts are empty.
He said last week in a post on Facebook: “Myself and the pets are freaking out not knowing where she is and if she is ok, she has been missing for nearly 12 hours.”
Eren was last seen just after 10am leaving her home on St David’s Road South.
She is described as white, 5’7″, slim, and with blonde hair. She also has tattoos of vines and a tree on her hand and arms.
Police have ramped up their appeal to find missing bride-to-be Eren Wright. Credit: Fylde Police
Eren was last seen wearing a light olive green hoodie with a painting on the front, beige/cream wide leg pants, and worn white trainers.
Police have now shared the new CCTV image of Eren in the hopes that someone might know where she is, or have seen her.
Fylde Police also said they were ‘worried’ about her.
If you see Eren or know where she might be, call 999 quoting log 1309 of October 27th.
Andy Burnham introduces new rules to tackle ‘rip-off’ parking charges
Daisy Jackson
City centre parking is at a premium, especially in a city like Manchester – but we’ve surely all made honest mistakes when paying and been slapped with eye-watering fines as a result.
Well now, Andy Burnham has announced a new Private Parking Code of Practice, which will clamp down on ‘rip-off’ private parking charges.
It will also make it easier for drivers to challenge unfair charges, capping charges for ‘smaller slip-ups’ at £20, and scrapping charges altogether on appeal for ‘honest mistakes’.
The new Code will get drivers a guaranteed five minutes to decide whether to park and 10 minutes to leave once their session ends.
Under the new Private Parking Code of Practice laid in Parliament today, you’ll be able to appeal to have all charges scrapped for honest mistakes like stopping briefly to check directions, and for situations like a medical emergency, breakdown or broken ticket machine.
Then charges will be capped at £20 for other mistakes such as forgetting a parking permit, entering the wrong vehicle’s registration or forgetting to confirm it in the machine when parking.
The Code also freezes the maximum parking charge at £100. Operators who don’t comply risk losing access to DVLA data, meaning that even if they issue a charge, it will be far more difficult to identify the registered owner to pursue payment.
Data shows just under 17 million private parking charges were issued in the UK last year alone.
Prime Minister Andy Burnham said: “Being a few minutes late back to your car or typing one digit of your numberplate wrong shouldn’t end with a hefty fine landing on your doormat.
“These charges leave people feeling ripped off and out of pocket, so I’m putting a stop to them.
Andy Burnham introduces new rules to tackle ‘rip-off’ parking charges. Credit: Unsplash, Samuel Isaacs
“We are introducing clearer rules, longer grace periods and lower charges for genuine mistakes, while going after the deliberate scams that rip drivers off.”
Secretary of State for Housing, Communities and Local Government Angela Rayner said: “Parking should be straightforward, not another everyday hassle. These changes mean drivers get a fairer deal, protected time to park and leave without fear of being unfairly charged, and confidence that private parking providers are held to a higher standard.
“It’s yet another step forward in this government’s plan to take the stress out of everyday life and ease the pressure on people’s pockets.”
Minister for Consumer Action, Kate Dearden, said: “Nobody works hard for their money just to be deceived by a dodgy trader, and this is exactly the kind of everyday rip-off this government is going after.
“By making it easier to take action against car clocking, we are protecting consumers’ hard-earned money and supporting businesses that play by the rules.”
Georgina Pellant -
10th March 2023 
