Arts funding in austere times: public and private money

There is a view that the model of state funding for arts in the UK is bloated, London-centric and ripe for replacement by more generous private backing seen in places like the USA.

Others, however, say public money keeps the arts vibrant and accessible.

David Thompson reports from London's South Bank on the debate over where arts funding should come from in austere times.

More from the Daily and Sunday Politics: Watch full programmes from the last seven days via BBC iPlayer; 'like' us on Facebook page or 'follow' us on Twitter