The BBC has already, by and large, been privatised. When production was carved away from broadcast, it was the beginning of the end. The party of "patriotism" (it really isn't) will oversee the selling off of a valuable national asset to foreign companies .... just as they did with gas and other utilities, airlines, defence contracts etc.
Costs will go up. Choice will be restricted to those genres/channels that are populist and generate income. People on low incomes will pay more for one channel than they did for all the various BBC television and radio channels put together ... and there are a lot of them... and they will likely lose content that they have already paid for (BBC Gold anyone?).
Meanwhile the production sector sees an ever more stupid spiral into the cheap and vacuous ... something that was designed by the tories and their plants at the head of the BBC 2 decades ago. Our status as world leaders will be lost, just as our status as world leaders in design and innovation was lost 3 or 4 decades ago. Welcome to Disney BBC.
Like I said, there are some stupid and selfish posters on this thread. I'd say ill informed normally, but most are just hard of thinking.
* But
@Uncle Harry is right btw.