The Television Act 1954 was a British law which permitted the creation of the first commercial television network in the United Kingdom, ITV. Until the early 1950s, the only television service in Britain was operated as a monopoly by the British Broadcasting Corporation, and financed by the annual television licence fee payable by each household which contained one or more television sets. The new Conservative government elected in 1951 wanted to create a commercial television channel, but this was a controversial subject—the only other examples of commercial television were to be found in the United States, and it was widely considered that the commercial television found there was "vulgar".