A more detailed press statement was issued by the British Museum ("British Museum to manage Portable Antiquities Scheme, as exciting new finds go on display", November 23, 2010).
Culture Minister Ed Vaizey today confirmed that the future funding of the Portable Antiquities Scheme (PAS) has been secured with a reduction of 15% in real terms over four years. From April 2011 it will be managed directly by the British Museum.
There is a quote from Neil Macgregor:
Following the Spending Review settlement we will wish to maintain the integrity of the Portable Antiquities Scheme as much as we can. Bringing both the PAS and the administration of the Treasure Act together under the management of the British Museum will ensure an effective and efficient mechanism for dealing with archaeological finds made by the public, which also complements the work of curators, conservators and others at the museum.Image
Ed Vaizey "handling treasure". Source: DCMS.