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<p>The Department for Culture, Media and Sport has an arm's length relationship with
its sponsored bodies such as the British Library, and operational and management decisions
are therefore a matter for the Board and Executive. In the Spending Review of 2010,
funding for the British Library was protected by limiting resource cuts to 15% in
real terms over four years, and at the Spending Round of 2013, the 5% reduction in
capital and resource budgets was below average. The Chancellor signalled in his 2014
Budget announcement that there would not be any further reductions to departmental
spending at this time, so that sponsored bodies will maintain current levels of planned
spending in 2014/15 and 2015/16.</p>
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