Cut funding to sport (which we’re no good at) and give it to the arts (which we are)

This morning Art Review announced its ‘Power 100’, a list of movers and shakers of the international art world. Last year the list was topped by Sir Nicholas Serota who beat off the likes of Larry Gagosian, Ai Weiwei and Jeff Koons. The reason behind Serota’s position was Tate’s considerable international influence across Europe, Asia, Latin America and the Middle East. Art Review’s editor Mark Rappolt says, ‘it operates an institution as a network of patrons and interests that spread far beyond the limits of its physical building.’ Serota has slipped down the rankings a little this year but he’s been joined near the top by the dynamic directors of the Serpentine, Hans Ulrich Obrist and Julia Peyton Jones, with the former being regarded as one of the world’s leading curators.

Britain does contemporary art well, and these institutions get a fair bit of money from the Department of Culture, Media and Sport for doing this.