As the Government announces plans to save £11.5bn in spending in 2015-16, chancellor George Osborne has revealed plans to cut the budget of the Department of Culture, Media and Sport by seven per cent in its resources.
Osborne said that he believed that the cultural heritage of the UK was "not just an economic asset" but that it had "great intrinsic value."
He added: "When times are tough, they too must make a contribution to the savings this country requires," before revealing the level of cuts that the department was to face over the next year.
With the seven per cent cut in resources, Osborne explained that the funding of community, sports, arts and museum would see a slightly lesser cut of five per cent.
"Because we recognise the value of our greatest museums, galleries and English Heritage, we are giving them the much greater freedom from state control which they have long called for," he explained.
Osborne also revealed that Previous cuts to marketing and consultants, while "reforming government IT" and invoking procurement tendering, had saved almost £5bn.
"In this Spending Round, we find a further £5 billion pounds of efficiency savings,"
Meanwhile, over 2015-16, the Treasury will see its resource budget cut by 10 per cent while the Cabinet Office budget will also decline by the same rate.