The British Council currently have a huge £197 million debt to the government and are considering selling off some of their art collection to deal with the serious financial crisis they are facing. The British Council own almost 9,000 works of art by 20^th and 21^st century British artists, including David Hockney, Lucian Freud, and Tracey Emin. They have no fixed gallery space, with around a fifth of their art collection on display in British and international museums and galleries.

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