That’s what a news story on The BBC claims anyway.
The UK film industry contributed £3.1bn to Britain’s economy in 2004…The report, by Oxford Economic Forecasting, also says the Treasury would lose about £328m a year in revenue if the industry was to vanish.
It comes as figures for 2004 showed the number of jobs in the UK’s movie industry fell by 20% to 24,816 people.
The decline is blamed on uncertainty over changes in tax breaks in the UK…
…According to the report, inward investment has fallen from about £549m in 2004 “to probably around £324m in 2005”.
So it’s basically saying that the UK Film Industry earns a brick load of money for the Government, and if they don’t get off their arses and sort out their inane cock-up with the Tax incentives for making movies here, then we’ll lose it. That means a lot of money lost for the Government.
There. I hope that spells it out plainly for those Politicians, or rather their expensive PA’s. If they did something now, rather than building film schools to train British filmmakers to leave for foreign industries (read here), we might just recover it. Yet we can rest assured in the fact that it’s a Government and that means self-interest and wastage.
So goodbye UK Film Industry.
