http://www.guardian.co.uk/culture/interactive/
2012/aug/03/europe-arts-cuts-culture-austerity
..Labour Deputy Leader Harriet Harman MP warned a few months ago about the impact of Con Dem cuts in the capital city: "This is a worrying time for arts and culture in London. The Government has cut funding for the Arts Council by 30 per cent, hitting valuable cultural organisations big and small across the capital. The Royal Opera House has had its funding cut by 15 per cent, the Institute of Contemporary Arts by 42 per cent. The pioneering contemporary dance company, The Cholmondeleys, lost all its funding and had to close".
http://www.standard.co.uk/comment/comment/dont-let-the-philistines-destroy-londons-arts-david-7660531.html