National Gallery to make major cuts in effort to stem ballooning deficit

The National Gallery in London is implementing significant cost-cutting measures due to a projected £8.2 million deficit. This financial strain stems from increased running costs, stagnant income, and lower-than-pre-pandemic visitor numbers, despite a boost from the Van Gogh exhibition. The cuts may result in fewer free exhibitions, reduced international art loans, higher ticket prices, and a voluntary exit scheme for staff, potentially leading to compulsory redundancies. The gallery aims to balance its artistic mission with a new operating structure to achieve financial sustainability. While a Van Eyck exhibition is planned, the gallery faces challenges including rising operational costs, new business rates, and inflation, impacting its ability to maintain current programs and activities.

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