To subsidise or not to subsidise that is the question.
The Shakespeare Globe Theatre turned conventional thinking about arts subsidy on its head yesterday when it disclosed that it had made a pre-tax profit of about £1.5 million every year since it opened a decade ago.
The Globe's profits contrast sharply with the financing of its heavily subsidised rival, the Royal Shakespeare Company.
Arts Council subsidy to the RSC, which aims to break even, is now running at almost £13 million a year.
Well obviously that is one cheque the Art's Council shouldn't bother to write next year then. Surely?