culture & arts / other
3 hours ago

British Council Art Sale to Address Debt Amid Financial Crisis

British Council Art Sale to Address Debt Amid Financial Crisis
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7 Highlights
  • British Council may sell art to ease its £197 million debt crisis.
  • The debt arose from a UK government loan with high interest rates.
  • The art collection includes works by Tracey Emin and David Hockney.
  • Half of the 9,000-piece collection is protected from being sold.
  • CEO Scott McDonald warns MPs about the severe financial situation.
  • Council promotes UK culture, reaching 600 million people last year.
  • Financial stress led to 1,500 staff losing their jobs.
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