Tourist body's fundslashed by 34pc

The UK's main tourist body VisitBritain is to have its funding slashed, less than two years before London hosts the 2012 Olympics.

VisitBritain said it would “review its operations further to keep its Olympic tourism strategy on course” following what amounts to a 34 per cent reduction. In cash terms it will get 26.5m in 2011/12 reducing to 21.2m in 2014/15. The current grant is 28.8m.

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