A staggering one million people are ditching their BBC TV licence (Image: Matthew Morrison via Getty Images)

A staggering one million people are ditching their BBC TV licence fee payments as bills are set to soar towards £200. The price of a TV licence is predicted to rocket to nearly £200 by the decade's end, according to reports from the Sun newspaper.

Projections from the Office for Budget Responsibility suggest the licence fee will climb from its present rate of £174.50 annually to just shy of £197 by the next general election , anticipated in 2029. This comes as the total number of licence fee payers is forecast to plummet by over one million, dropping to 21 million during the same timeframe.

The upcoming year's licence fee will be calculated using September's annual inflatio

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