Yikes, that is scary. 

It's sad that so many major arts bodies - the V&A, the BL, the British Museum - felt they had to back such an idea. I don't blame them in the slightest; under Labour's current obsession with attaching a concrete value to the arts they're in an impossible position, and this kind of looney idea is at least a way that they can justify themselves in terms that Labour ministers understand, but it's distressing that they have been forced into such positions.