Government mulling first cut in PLR rate in nearly 20 years

Government mulling first cut in PLR rate in nearly 20 years

<p>The Department for Culture, Media and Sport is proposing the first cut in the money authors earn for each book loaned by public libraries in almost 20 years.</p><p>If approved, the reduction in the rate per library loan will happen in the next annual round of payments (February 2011). The DCMS has written to authors&#39; organisations with the reduced rate, 6.25 pence per loan.</p><p>The rate previously stood at 6.29 pence per loan. The DCMS will consult with interested parties for eight weeks before finalising the rate in the New Year. PLR Registrar Jim Parker said: &quot;It doesn&#39;t come as a huge surprise as we had a 3% cut in funding this year, like other organisations, and there was also a rise in the number of library loans made.&quot;</p><p>A DCMS spokesperson said the last cut to the loan per rate was in 1991, when it was cut from 1.39 pence to 1.37 pence per loan.</p>