Government art subsidies in times of austerity

Mark Littlewood speaks to BBC Radio 4's World at One

The Ashmolean Museum has six months to raise £7.83 million to keep a Manet painting, which is under offer to a foreign buyer for £28.35 million, in the UK. Mark Littlewood, Director General at the IEA, spoke to BBC Radio 4's World at One about the misuse of taxpayers' resources of waiving the tax revenue from private purchase and instead using public money to subsidise the buy-back. The asking price, as set by fair market forces, should be met, he says, and the government should not subsidise areas of life that only a minorty of people benefit from.

Listen here (starts at 30:10)

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