Our Coalition government officially scrapped planned tax breaks for UK Games studios when they came into power- but after last week's secret meeting with industry figures, Chancellor George Osborne may be set to reintroduce the measure in next month's budget speech.
As reported by the Sunday Times, Osborne is "considering the introduction of tax breaks for the computer games industry as an eye-catching measure to put in his budget for growth." Which essentially means that these controversially-axed measures may well be back on the table. Osborne is set to make the announcement as part of the new budget on March 23rd, and we'll keep you up to date with the latest.
If introduced, tax breaks will make it easier for UK developers to start up, grow and prosper- as well as making it much more attractive for multinational publishers to open new studios on our soil. Combined with Livingstone's suggestion for an overhaul to the Information Technology curriculum, this could well cement our reputation as a world leader. We'll keep you up to date with the latest. [Sunday Times via Develop]