Political broadcaster Andrew Neil is set to launch a 24-hour, TV news channel that will rival the BBC and Sky.

Mr Neil, 71, last night announced his departure from the BBC after 25 years as a political presenter - but will now be the face and chairman of GB News.

READ MORE: BBC political presenter Andrew Neil steps down after 25 years

It has been revealed that plans are in place for “Britain’s news channel”, aimed at those who feel “underserved and unheard by their media”, to launch early next year.

The channel could change the face of the TV news landscape, currently dominated by Sky News and BBC News.

The BBC's rolling news channel will have another rivalThe BBC’s rolling news channel will have another rival

As well as being appointed chairman, the broadcaster will also host a flagship evening programme in primetime, leading the programming line-up.

He said: “GB News is the most exciting thing to happen in British television news for more than 20 years.

“We will champion robust, balanced debate and a range of perspectives on the issues that affect everyone in the UK, not just those living in the London area.”

Mr Neil, best known for The Andrew Neil Show, as well as This Week and Daily Politics on the BBC, added: “We’ve seen a huge gap in the market for a new form of television news.

“GB News is aimed at the vast number of British people who feel underserved and unheard by their media.”

The BBC confirmed this summer that Neil’s self-titled show would not return to TV screens after it came off air during the pandemic.

It said at the time it was in discussions about a new interview series, but those discussions bore no fruit.

The BBC has thanked Mr Neil for his work at the corporation and wished him luck in his new role.

A statement said: “We’d like to give our heartfelt thanks to Andrew for his many years of work for the BBC, during which he’s informed and entertained millions of viewers.

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“From his early broadcasting days on Despatch Box in the 1990s to his recent forensic and agenda-setting political interviews, be has proved a formidable and hugely talented broadcaster.

“For years, he was at the heart of the irreverent and much-loved This Week and played a key role in the Daily and Sunday Politics, Politics Live and the BBC’s general election coverage.

“We wish Andrew every success in his new role; we’re sorry the US election coverage will be his last BBC presentation work for the foreseeable future but he will always be welcome at the BBC.”

In a statement posted on Twitter, the highly-respected political interviewer said he left the BBC with “no animosity or desire to settle scores”.

He said: “With heavy heart I announce I will be leaving the BBC.

“Despite sterling efforts by new DG to come up with other programming opportunities, it could not quite repair damage done when Andrew Neil Show cancelled early summer + Politics Live taken off air.

“But I leave with no animosity or desire to settle scores. I look back on my 25 years doing live political programmes for the BBC with affection.

“And gratitude for brilliant colleagues at Millbank, who always made sure I went into the studio fully briefed and equipped for the fray.

“They were/are the best of the best. If they can make me look good, they can make anybody look good.”

Mr Neil also responded to the BBC’s statement, saying he was leaving with a “tear in my eye”.

GB News has announced that it hopes to create at least 120 jobs, including journalists in England, Wales, Scotland and Northern Ireland.

GB News plans to feature more than 6,500 hours of content a year, made exclusively for the channel, which has secured broadcasting licences from Ofcom.

It has been founded by media executives Andrew Cole and Mark Schneider.

They said: “Andrew Neil epitomises what GB News is all about.

“He’s an exceptional journalist, brilliant interviewer and fearlessly independent.”

The channel is forecasted to reach 96% of British television households via Freeview, Sky and Virgin Media.

GB News will broadcast seven days a week across the UK and Ireland and will be available globally on GB News digital platforms.