The TV license fees pay for the World Service, a British news program that broadcasts in 43 languages globally as of 2020.
The World Service is part of Britain's soft power foreign affairs strategy
. Soft power is a diplomatic strategy used by individual nations to encourage international co-operation through persuasion and influence rather than aggression and violence.
The World Service is a soft power because it promotes British interests and values across the globe by the way it conveys the news. For example, by condemning war crimes or promoting greater humanitarian aid to developing countries.
Since 1932 the BBC World Service has broadcasted independent and reliable news across the world.
Especially today in the era of fake news, the reliability and trust in the world service are critical.
Competing state-sponsored broadcasters, such as Al-Jezeera, Russia Today, and China Central Television, are threatening Britain's influence
. These competing broadcasters receive significantly more investment than the BBC and their influence is growing. 
The rise of these competing broadcasters undermines Britain's ability to influence foreign nations.
The funding provided by the TV license fee is therefore important for Britain's ability to maintain diplomatic influence abroad. Rather than depend on coercive tactics, the World Service's role as the international voice of Britain encourages democracy and maintains a steady stream of reliable information around the world.