One of Ofcom’s key statutory duties is to ensure the optimal use of the radio spectrum under its management. Radio spectrum is a major asset to the UK, contributing some £24bn to the economy each year and underlying many aspects of our lives. Radio communications is critical to areas such as air travel, emergency services, cellular telephony, sound and television broadcasting, defence and our utilities. Ofcom has been considering carefully its management of this vital resource and published the “Spectrum Framework Review” for consultation in November 2004. The responses have now been analysed and taken into account in publishing this Statement. Summaries of the responses, our reaction to the issues raised and a summary of the changes made in moving from the consultation document to this statement can be found in the Annexes. Note this Statement applies only to spectrum under Ofcom's management.