CFTA responds to Autumn Budget 2024

The Chancellor of the Exchequer, Rachel Reeves MP, has unveiled the 2024 Autumn Budget. It contains a number of tax and spending measures that could affect the health of the arts in the UK, and all of our access to culture.

Jack Gamble, Director of the Campaign for the Arts, said:

“At this Budget the Chancellor has made welcome commitments to increase investment in our national museums and cultural infrastructure, and to maintain the creative industries tax reliefs that were expanded considerably under the last government. She has taken an important first step towards shoring up local authorities, which are crucial public funders of the arts.

Yet this Budget also contains real-terms cuts to the Department for Culture, Media and Sport’s day-to-day spending, to as much as £100m of Levelling Up funding earmarked for cultural projects, and to the fund established to replace EU funding for local culture post-Brexit. Reductions in business rates reliefs will hit music venues and cinemas at a time when many are struggling to keep their doors open.

Labour recognised the importance of the arts, culture and creative industries in their pre-election ‘Creating Growth’ plan. Realising the full ambition and potential of that plan will take a level of resourcing and commitment beyond that which we have seen at this Budget.

We urge the government to deliver on its commitments to “opening up the arts to everyone, everywhere”, and to “putting rocket boosters under the creative industries” in the months and years ahead.”

Picture of CFTA Team

CFTA Team

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