Spending review headlines

• Abolishing British Waterways as a public corporation in England and Wales. A new waterways charity will be created.
• Funding will be stopped for seven waste PFI projects, saving £3 million by 2014/15 and more over the longer term.
• Reducing the number of quangos DEFRA funds from 92 to 39.
• Overall budget cuts to Sport England (around 30%), UK Sport (around 30%), and more than 30% reductions to both English Heritage and Visit Britain.
• Cutting funding to Welsh language broadcaster S4C by 24%, and to the British Film Institute by 15%.
• 19 of DCMS’ 55 public bodies will be abolished or reformed. Includes the abolition of the UK Film Council and Museums, Libraries and Archives Council.
• In addition the Government has agreed with the BBC that the TV licence fee will fund BBC World Service, BBC Monitoring, and S4C saving the Exchequer £340m from 2014/15. BBC and HMG also agreed that the TV licence fee will be frozen until 2016/17.

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