tate reports budget deficit critics respond 1234748568
Tate Modern, the world's most visited modern and contemporary art museum, reported a budget deficit six months ago, prompting critics to blame its programming and curatorial strategies for declining foot traffic. While domestic attendance has recovered to 95% of pre-Covid levels, international visitors have dropped significantly—down 39% at Tate Modern, 32% at Tate Britain, and nearly 40% at Tate St Ives. Tate Liverpool remains closed until 2027. Research from The Art Newspaper's annual visitor report, however, points to external factors such as Brexit, socioeconomic shifts, and the cost-of-living crisis as key drivers of the decline, particularly among young European visitors aged 16 to 24.
