The BBC has said it will have to “think very hard about every pound” it spends on new programmes due to the financial pressure during the current lockdown.
The corporation claims that delaying the over-75 TV licence fee changes until August in light of the coronavirus situation and issues collecting licence fees among the challenges they are facing.
Senior leaders will take a pay freeze until August 2021 and all non-essential recruitment will be put on hold as part of the cost-cutting measures as the BBC scrambled to make £125million in savings by the end of this year.
Members of staff will also be invited to work part-time or take unpaid leave if they find it “helpful” during the lockdown.
In a briefing on Wednesday, director general Tony Hall said other reasons behind the cash shortfall were a delay to a plan to cut 450 jobs, and uncertainty around commercial revenues.
Other major broadcasters are facing similar cash flow issues with Channel 4’s director of programmes Ian Katz On Wednesday saying the broadcaster would have to cut back on drama and produce “lower tariff” shows.
“In the next few months I don’t think we will see any new dramas getting up and running,” he said.
Channel 4 has cut £150million from its programming along with ITV who last month cut its programme budget by £100million.