By Sarah Vizard

DCMS will see its overall budget cut by 5% while its funding will be reduced by 20%. Both figures are far lower than the 40% the department was told to expect.

Speaking in the House of Commons today (25 November), Osborne highlighted the importance the creative industries, which include marketing and advertising, play. He said “deep cuts” to the sector would be a “false economy”.

“One of the best investments we can make as a nation is in our extraordinary arts, museums, heritage, media and sport.”

George Osborne, Chancellor

Boosting economic growth

There was more good news for marketers when Osborne announced a u-turn on Read full story ›

Source: Marketing Week