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The report of the independent panel, led by Sir Alan Budd, was published on 25 May 2007. The terms of reference for the review were:

"To assess the impartiality of Â鶹ԼÅÄ news and factual coverage of business with particular regard to accuracy, context, independence and bias, actual or perceived; to assess whether the Â鶹ԼÅÄ portrays a fair and balanced picture of the world of business and of its impact on society more generally; to focus primarily on business coverage in mainstream output though specialist business programming should also be considered; and to make recommendations to the Â鶹ԼÅÄ Trust for improvements where necessary."

The report and supporting documentation are listed below.

On 16 August 2007, the Trust published the Â鶹ԼÅÄ management's response to the impartiality of business coverage report, available below.