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To develop more radical solutions to fiscal challenges, those budgeting for the arts should start by thinking about what would happen if arts funding stopped completely.

Whilst obviously significant for all of us, today’s budget feels like a bit of  pre-2014 Spending Review foreplay. So, provoked by Peter Bazalgette’s inaugural lecture as Chair of Arts Council England here at RSA this morning, the fantastic questions from our new Chair Vikki Heywood, and the launch of a new RSA-ACE project called Towards Plan A: a new political economy for arts and culture, here is an attempt at the real thing: a zero-based budgeting exercise for the arts.