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ÃÛÑ¿´«Ã½ licence deal 'gives us financial stability'

ÃÛÑ¿´«Ã½ Director General Tony Hall insists he has secured "financial stability" for the corporation - despite having agreed to fund free TV licences for those aged 75 and above.

Critics say the agreement - which will cost the ÃÛÑ¿´«Ã½ hundreds of millions of pounds - will turn the corporation into an arm of the Department for Work and Pensions.

The Labour party has described it as a "smash and grab raid" that threatens the ÃÛÑ¿´«Ã½'s independence.

But Lord Hall says he worked hard to get the best possible deal for viewers and listeners, giving the ÃÛÑ¿´«Ã½ the financial stability it needs to compete "in a world of Netflix and iPads".

"It gives us financial stability and the ability to plan for the future," he told Today.

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