[Keith]

So if the BBC is in such a dire financial situation, then what the heck is it doing with £3.5+Billion it gets from the TVL, plus the additional £1.5billion from commercial activities?

I'd suggest you take a look at their most recent annual report, notably www.bbc.co.uk  (which is actually page 53) which shows a breakdown of how it's spent by department. There's probably other pages within this report which give other breakdowns of expenditure, such as people (and severance pay) on page 59.

I don't want the BBC to no longer exist, but the TV Licence fee needs to go away and the BBC needs to find a different method of funding before the Charter renewal in 2027.

A universal household levy linked to council tax bills was being suggested in a House of Lords report back in July 2022, ref committees.parliament.uk . This is probably the most practical alternative to the licence fee to implement. It would then be fairly straightforward to offer discounts for single occupancy and those with SMI.