Closing down the Department of Culture, Media and Sport could save around £1.6bn (if all spending ceased). This would give the government the scope for tax cuts. For example:
· It could then reduce the rate of corporation tax by a further 2%, to the same as the basic rate of income tax - 20p,
at a cost of around £1.6bn.
· It could cut fuel duty by 3p, at a cost of around £1.5bn.
· It could go some way towards abolishing inheritance tax, which would cost around £2.7bn.
· It could be used to part fund, the introduction of the married couples’ transferable tax allowance, this would cost
Stopping government funding of museums would save £0.5bn
The cost to the taxpayer per visit, per person, to the following museums, galleries and libraries is approximately:
· Science Museum Group £7