A staggering 860,000 were cancelled in 2017/18 – a huge increase on the 798,000 stopped in 2016/17.
The shocking figures amount to 2,300 cancellations every day.
The licences are compulsory for anyone who wants to watch live TV or use BBC iPlayer – even if the show is watched on a phone or laptop.
An estimated 25.8m licences were held in March last year.
It is believed the 'Netflix effect' is leading to viewers cancelling their licences entirely.
Online streaming platforms such as Netflix and Amazon Prime video do not require a licence to watch.
RISE OF THE STREAMING GIANTS
A basic Netflix subscription sets Brits back £5.99 a month – or £72 a year.
The streaming giant reportedly has an estimated 9.78m UK subscribers.
A TV licence meanwhile costs £150.50 per year – and is set to go up to £154.50 in April.
The Times claim a massive 670,000 licences were cancelled since 2010.
A spokesperson for TV licensing said people cancel their licences for various reasons, such as moving in with partners who already have one.
Cancellations also include payment failures.
Seven per cent of households were caught watching TV without a licence.
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