The UK government has issued a statement regarding its pivotal decision to incorporate a tax break system into the UK game industry.
In a statement issued to Develop, culture secretary Ben Bradshaw said that the new tax relief scheme will “help Britain remain a world-leader in this important industry."
He added that game tax breaks will protect jobs and support our economic recovery.
“Video games generate £2 billion in retail sales in the UK, and contribute £1 billion to UK GDP and have huge potential for growth.”
Pressure had been mounting on the UK Government and its Chancellor Alistair Darling to keep a water-tight budget that focused on reducing the UK’s alarming budget deficit.
However, in a surprise move, Alistair Darling said that Labour will introduce game tax breaks using a cultural system based on movies.
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