Osborne didn't need to genuflect towards the House of Mouse, because the UK has a well-deserved reputation as the home of high quality cinema and moviemaking. But for how long? Osborne is at the top of a government that has slashed arts funding to the bone, axed the UK Film Council and is generally doing a great deal of damage in the cultural arena.
Since the start of the economic downturn and change in government, our voluntary community dance programme has struggled to find funds. Most of the money available is going to large organisations, in the expectation that it will then be filtered out into the community and into smaller delivery projects like ours - but this isn't working.
If I could have one Christmas wish, it would be for our politicians to stop being too embarrassed to stand by culture and support it for fear of being branded 'elitist'. The Arts are for everyone, and nothing embodies this better than the volunteers who worked tirelessly to create the opening ceremony this summer.
Round the back of London's South Bank, something important is hidden away. It's within easy walk of a currently rammed Olympic transport hub, but unlike London Bridge, there's no one in a purple and orange overall to offer helpful and insistent directions. In fact, you'd be forgiven for thinking there'd been something of a cover up.
If anything the commercial success of an exhibition like Leonardo da Vinci: Painter at the Court of Milan, is evidence of the need for more, not less, funding investment for the Arts.
The arts always get sniffed at when cuts get announced as though defending investment in the arts is somehow ill considered or bourgeois but in making art school and the creative industries inaccessible for today's Alexander McQueens I think we may be in danger of loosing a huge and valuable part of our national identity. Can you put a price on that?
In an age of austerity how will the arts be paid for if BP won't? Last night's Trafalgar Square performance was free after all? Those I'm afraid who it really did appear can afford opera tickets should pay for them; the cost of greasing BP's continued abuse of global resources is far, far more expensive. To us all.
From the National Theatre's 'War Horse' to the Neil MacGregor's 'A History of the World in 100 Objects', there have been some incredible highlights in the British art calendar over the past year. But it has also been an incredibly challenging year for everyone who cares about British arts and culture.