BBC has been dealt by a body blow by the inquiry report into the 1995 Diana interview Critics of the UK’s public broadcaster will be sharpening their knives over the latest scandal. Princess of Wales, Lady Diana, with her eight-year-old son, Prince Harry. | Reuters The BBC is among Britain’s most valuable cultural exports, representing soft power at its most effective. Newcomers including Netflix and Amazon have deeper pockets, but the BBC has set enduring standards in British radio and television production. Executives at Sky, ITV and Channel 4 acknowledge its role as a benchmark that has enhanced the reputation of British broadcasting. Long a trusted source of news for the discerning, it has a global reputation for accuracy and honesty.