§ Baroness Anelay of St Johnsasked Her Majesty's Government:
What is their response to the key findings of the European Fine Art Foundation survey The European Art Market in 2002 that the European Union as a whole has lost 7.2 per cent global share of market since 1998, that Europe's loss of global market share can largely be attributed to taxation and regulations and that the British share of the international art market has dropped from 30 per cent in 1999 to 25 per cent in 2001. [HL3347]
§ The Parliamentary Under-Secretary of State, Department of Trade and Industry (Lord Sainsbury of Turville)The European Art Market Foundation report, based on the sector in a EU-wide context, was produced as a tool for industry and we have no plans at present to respond.