The BBC is reporting that Arts Council England will receive a 5% cut to its funding for the year 2015/2016 after the Department for Culture Media and Sport agreed to an 8% cut in their funding as part of the next government spending review.

ACE had drawn up scenarios for progressively worse cuts predicting that hundreds of National Portfolio Organisations would have to be de-funded.

Various talking heads are calling the 5% drop a win for the arts following the 30% cut in the last spending review in 2010. Given ACE's tiny budget, relatively speaking, then the 5% reduction in funding will do little or nothing to support the coalition government's claims of making "tough" decisions to reduce the deficit and save the world, or something.

[ BBC News ]