ENO halves reserves to pay for £2.2m deficit

- 15 January 2013

English National Opera's accounts for 2011-12 show a £1.2m fall in ticket sales set against a £1.4m increase in cash spent on productions and a drop in its Arts Council grant. The results 'reflect the cut in ACE funding in 2012 and the impact of a very difficult economic environment on ticket sales', says the company.

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