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U.K. Fall Budget Sets $1.1 Billion for Post-Pandemic Cultural Support, Doubles BBC Borrowing Limit

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Naman Ramachandran The U.K. government will invest over £850 million ($1.1 billion) in cultural and heritage infrastructure in the wake of the pandemic.The investment is part of the allocation for the Department for Digital, Culture, Media and Sport in the three-year Spending Review that sets U.K.

government departments’ resource and capital budgets for 2022/2023 to 2024/2025.Presenting the fall budget at the House of Commons on Wednesday, Chancellor of the Exchequer Rishi Sunak also revealed that U.K.

public service broadcaster BBC’s commercial borrowing limit has more than doubled from £350 million to £750 million.In addition, tax relief has been doubled for theaters, orchestras, museums and galleries amounting to £250 million..

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