Wednesday, July 20, 2011

PL 30/11: Budget cuts at British Library

Filed under: Uncategorized — plinius @ 5:54 pm

The [British] Library will have to respond to financial reductions:

  • a 15% reduction in resource Grant in Aid by 2014/15
  • a halving of our baseline capital budget over the next four years, 2011/12 to 2014/15.

We are therefore entering into a financial environment which will be fundamentally different from the one we have known. We will have to deliver spending reductions at an unprecedented level and, by 2014, our Grant in Aid will be at the lowest level, in real terms, since the Library’s inception in 1973.



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