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UK Video Game Tax Relief Cancelled

Stoobalou writes "UK game developers have just been dealt a financial blow by Chancellor George Osborne in his first budget, which sees the coalition government scrapping the video game tax relief plans promised by Labour. In his speech today, Osborne simply said the 'planned tax relief for the video games industry will be cancelled.' According to the government's budget report, the cancellation of video game tax relief will save the government £40 million in the 2011-2012 financial year, and a further £50 million in each subsequent year."

2 of 106 comments (clear)

  1. Dollars? US companies? by SmallFurryCreature · · Score: 0, Flamebait

    Exactly how is any of this relevant to the UK? No, contrary to what many seem to think the UK is NOT a vassal state of the US. The only thing the two got in common is a language (barely) and a lack of taste buds that allows you guys to eat processed cheese and boiled meat.

    The current UK government is facing a debt crisis not dis-similar to the one in Greece but where that one was caused by typical garlic incompetence and blatant fraud, the UK one is caused because the country hasn't actually produced anything in years but still thinks it rules an Empire. US made might be rare but not as rare as UK made. Their economy is going down the drain and the basic message is "there is no money". 40 million might sound like not much but if you got nothing it about a gazillion times to much.

    --

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    1. Re:Dollars? US companies? by loufoque · · Score: 1, Flamebait

      British cheese is not only terrible, it is also quite expensive.
      A marvel of its own kind.

      I am French and I live in the UK, love cheese, and found British cheese so bad, even something you could get at a farmer's market, that I only buy supermarket cheese imported from France.