Arts Told to Adopt US-Style Funding
Coalition ministers have told Britain’s leading arts figures to embrace US-style fundraising techniques to make up for a sharp reduction in public subsidy, as they intensify their search for spending uts of up to 40%.
The government wants ministers in all unprotected departments to come up with radical plans to cut costs by the middle of July.
Spending Watchdog Doubts Savings Measures
It is claimed that the frontline public services can be protected even as the Treasury enforces brutal spending cuts have been thrown into serious doubt by a scathing assessment of the previous government’s value for money program.
The former prime minister—Gordon Brown, asked the Treasury to seek annual savings of GBP 35 billion from departments across Whitehall by 2010-11, as he sought to curb back-office spending without influencing the services provided. However, in a report published, the National Audit Office found that many savings identified were either dubious or would be detrimental to public services.
Strong UK Government Bond Market
The UK government bond market has outperformed other bond markets, mainly because the country has an independent currency.
The UK market has also been boosted ever since the emergency Budget, with gilt yields dropping further as the government has convinced the investors in the field that the risk of the UK losing its triple A rating has fallen.
Via pledging to tighten fiscal policy by £113bn over the next five years, the UK government gained approval from the ratings agencies that it was not about to risk its credit status and was determined to cut the budget deficit.
However, the big question is whether gilts can keep on shining?
Arts Told to Adopt US-Style Funding
Coalition ministers have told Britain’s leading arts figures to embrace US-style fundraising techniques to make up for a sharp reduction in public subsidy, as they intensify their search for spending uts of up to 40%.
The government wants ministers in all unprotected departments to come up with radical plans to cut costs by the middle of July.
-
Get your chance to win it BIG with fabulous bingo games
-
Stock Quotes
-
Categories
-
Archives
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
-
Links
-
Meta
Welcome to Euro Station
