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National Gallery to Cut Staff and Shows to Tackle £8.2m Shortfall

Big capital pledges for a new wing remain ring‑fenced, leaving operating savings as the route to balance.

Overview

  • Management has opened a voluntary exit scheme for all staff, with applications due by March 16 and decisions expected by the end of next month.
  • If the scheme does not deliver sufficient savings, the gallery says compulsory redundancies may follow.
  • The museum forecasts a deficit of about £2 million this financial year, rising to £8.2 million in 2026–27 without corrective action.
  • Staff reductions are expected to save roughly £2.6 million to £3 million, with additional cuts likely to come from changes to programming.
  • Options under review include fewer free and ticketed exhibitions, reduced international loans, and higher ticket prices, as visitor numbers remain below pre‑Covid levels and public funding of £32 million shows little sign of increasing.