The Art Newspaper has some hard news on the forthcoming arts cuts…
“The Treasury has warned of cuts of around 25% to 30% for nearly all departments, with the spending review due to be announced on 20th October, covering the financial years 2011-12 to 2014-15. DCMS [Dept. for Culture, Media and Sport] expenditure on the arts, museums and the built heritage accounts for about £1.1bn: a 30% reduction would bring that down to £770m. […] A key question is whether the cuts will be staggered or all start immediately in 2011.”
The money that Labour pinched from the National Lottery pot will be brought back to the arts, though…
“… pledge to divert back National Lottery proceeds. This would bring an additional £50m each for the Heritage Lottery Fund and the Arts Council.”
