BBC to cut TV budget by £400m as luvvies feel the squeeze

The national broadcaster has announced plans to slash its annual content budget by a whopping £408m as the corporation struggles to deal with falling income.

A new Value for Audiences report reveals that the broadcasters is on track to deliver nearly one billion pounds in savings by the end of March 2022, but warned that content budgets would have to take a hit to make up for impending financial shortfalls.

“In order for the BBC to deliver its public service commitments, support the creative industries and continue to invest in high-quality, world-class, distinctive content for UK audiences, it will have to do more with less income to spend on programmes and services” said the document.

The BBC is reported to have taken a 30% hit to its income over the last decade thanks to a new arrangement for free licences and a freeze on price hikes, along with a rise in evasion and a fall in the Television Penetration Rate – with the number of households needing a license falling by 2%.

They’ve also been subjected to a powerful grassroots effort from Defund the BBC, calling on people to exercise their right to not have a TV license by tuning out of the BBC’s drivel and turning to competitors like Netflix.

The BBC may continue to find licence fee payers drifting away as huge swathes of the British public report that the corporation no longer represents their values.

The broadcaster was hit with a record number of complaints over the Christmas period with key targets being a BLM-inspired New Years fireworks display and a “woke” edition of the Vicar of Dibley.

And just two weeks ago they were forced into a grovelling apology after they described convicted murdered Phil Spector as “talented but flawed”.

Director-general Tim Davie said: “The financial challenges and competition we face continue to evolve and while we have demonstrated we can deliver, I want us to adapt and reform further to safeguard the outstanding programs and services that our audiences love for the future.”

He also boasted that “The BBC has made big changes to ensure we provide outstanding value. We are smarter spenders and savers and more efficient than ever before, but there is more to do.”

Many will wonder how the director-general can claim the broadcaster is a “smart spender” after it emerged that staff at the bloated organisation were being offered wellness seminars on how to drink water.