Monday 7 June 2010

The Film Industry - Economists defend UK film tax breaks

UK Film Council welcomes Oxford Economics report over concerns that ending filmmaking relief will cost economy.

Ending the tax relief given out to encourage filmmaking in the UK would cost the economy £1.4bn, a report on the economics of the British film industry warned today .

The UK Film Council, which represents the industry, is concerned about the impact of possible government cuts. Its chief executive, John Woodward, said the 104-page report, by Oxford Economics, was "timely".