UK needs to support creative industries, says head of TIGA
Britain needs to move away from financial services and support the creative industries, the head of a leading videogame body said today.
After chancellor George Osbourne painted a picture of rising unemployment and declining growth, Dr Richard Wilson, the CEO of trade body TIGA, issued a statement urging the government to pay more attention to business sectors in which the UK has a competitive advantage.
Osborne unveiled a package of growth measures in today's Autumn Statement. He wants to boost GDP by encouraging investment in infrastructure, small companies and the regions and getting young people into work.
But Dr Wilson said: “Today’s Autumn statement confirmed the severity of the challenge facing the UK. Economic Growth is flat and disappointing. Unemployment, including Youth unemployment, is rising. Productivity is weak. Borrowing is higher. The Government plans to kick-start infrastructure investment and help small businesses access finance is of course welcome.
“The Government has yet to spell out a clear strategy for re-balancing the economy away from Financial Services towards business investment and export focussed industries. The UK Government needs to support those sectors where we have a competitive advantage: high technology industries and creative industries, including the video games sector.”
He said the Government needed to introduce games tax relief, a long-standing aim for TIGA, to help UK videogame companies compete with countries such as Canada where such incentives are already available.
Dr Wilson also called for a creative content fund, expanding the scope of R&D tax credits to include the cost of IP protection, design and premises.
“Introducing TIGA’s plan to enable small businesses to offset training costs against corporation tax would enhance productivity,” he added. “With economic growth faltering and the Eurozone in crisis, the Government must implement an effective strategy for promoting growth in the March 2012 budget."
Actress isn't a fan of Ed Miliband
Do you qualify – and how do you get it?
Life & Style blogs
New £3 pill that will help stop you drinking too much available on the NHS
Dame Vivienne Westwood: The former Queen of Punk may now be an establishment pillar, but her work is still controversial – and much copied
Revealed: Lidl’s £4 perfume smells identical to Chanel’s £70 scent - but the difference is in the bottle
Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
Coke milk? Coca-Cola to launch premium milk brand called Fairlife
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Revealed: How the world gets rich – from privatising British public services
- 1 Sarah Vine criticises lesbian mother Jack Monroe: 'If she was unsure about her sexuality, she should have taken greater precautions'
- 2 Black Friday 2014: Opening times for Asda, John Lewis, PC World, GAME and Argos
- 3 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 4 Jeremy Hunt: 'I took my children to A&E because I didn't want to wait for GP appointment'
- 5 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
iJobs Gadgets & Tech
£75000 - £100000 per annum + £150k ote: h2 Recruit Ltd: There are many compani...
£40000 - £80000 per annum: Recruitment Genius: Senior and experienced iOS/Andr...
£35000 per annum + OTE £65,000 +Pension: h2 Recruit Ltd: A fantastic opportuni...
£50000 - £60000 per annum + £80,000 OTE: h2 Recruit Ltd: London, Reading , Sou...