For point of reference, a chauffered driven car for the BBC chairman costed £100,000 a year in 2011:

http://www.bbc.co.uk/blogs/newsnight/michaelcrick/2011/05/ne...

I'm sure cutting a few layers of management and their associated perks would yield more than enough savings compared to vandalising publicly-funded content.

The real reason is here:

http://www.theguardian.com/uk-news/2015/jul/05/osborne-accus...

> You wouldn’t want the BBC to completely crowd out national newspapers

By this, George Osbourne means friends of the Tories like Paul Dacre and Rupert Murdoch.