Wherever the arts axe falls it will take off limbs

... the vast majority of arts institutions run on a barely break-even basis, with staff that are paid handsomely in professional fulfilment but poorly in cash.

A 10% cut for them doesn't mean halving the annual champagne bill, it means deciding if the whole operation is viable or not. A 25% cut [he says], probably does away with that problem, the operation closes.