I make that as Capita taking 2.5% gross revenue. Who know how much that costs them to administer over 15 years either.
The licensing website puts it at 5.5%. Either way, 40% is a silly number to throw around.
http://www.tvlicensing.co.uk/check-if-you-need-one/topics/wh...
Doesn't that mean they'll earn 1.10 - 1.55bn over the 15 years? Not every year?
https://en.wikipedia.org/wiki/Television_licensing_in_the_Un...
> It is expected that Capita will earn £1.10bn – £1.55bn from its contract with the BBC if it runs its maximum 15 years from July 2012
The BBC gets over £4b per year.
> Thus, the licence fee made up the bulk (77.5%) of the BBC's total income of £4.827 billion in 2015–2016.[2][3]