TV production rises by 87% as tax break brings in £6bn
A new study has shown that high-end television production in the UK increased by 87% following the introduction of a new tax break, and - alongside film, video games and animation - generated more than £6bn for the economy. The report, commissioned by the British Film Institute, Pinewood Shepperton studios, the British Film Commission, UK Interactive Entertainment and the producers' body Pact, found that TV shows such as Game of Thrones delivered £249m in extra revenue to the Chancellor last year, alongside £1.1bn from films, £429m from video games and £52m from animation. Spending on top-end TV grew from £50m a year before the tax credit to £394.7m as major US series became attracted to Britain. The tax break for films was shown to cost the Treasury around £164m a year, but it supports £1.136bn in spending, whilst generating £12.49 for every pound spent and employment has risen by more than 20% since 2009.
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