Tuesday 22 June 2010

Tax breaks for the gaming industry, part 2

Breaking news (this must be what it is like to work for the BBC).

The Chancellor (UK Finance Minister) today (22 June 2010) announced that the planned tax break (I'd blogged about this before) for the video games industry in the UK has been axed with immediate effect.

I think that this is a short-sighted move that could hasten the loss of skilled gaming industry personnel overseas (hello Canada). As a high-tech industry, gaming is a growth area, exactly the type of knowledge-based industry that the incoming Government had said they wanted to support. I haven't seen any industry comment as yet (the announcement was only an hour ago) but it is unlikely that they will be thrilled, given how long they have lobbied Governments of varying hues for such breaks over the years.

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