'We haven't seen positive things yet'-UK arts bodies urge clarity on funding six months after Labour victory

Jayne-Anne Gadhia emphasized how the proposed budget represented "the first step in a process of change towards a financially sustainable organisation" for the Tate.

The 2024-25 report states the reason for approving a budget deficit is "to give Tate time to develop a new financially sustainable business model," underscoring the museum's need for structural change.

Culture Secretary Lisa Nandy acknowledged to the Committee that there is "a lot of fragility in our sectors-in music, in arts, in museums" emphasizing the urgent need for financial stability.

Further budgetary cuts are expected as the Chancellor seeks to eliminate inefficiencies, with all departments being asked for 5% savings amid growing concerns in the cultural sector.

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