Tax breaks for games developers axed in Emergency Budget 2010

   22/06/2010 at 13:22       Phil May       1 COMMENTS.
Source - Michael French (MCV) via Twitter
 - Budget 2010, George Osborne, Tax Breaks, Welshed deal, MCV

Given that one of the most internationally successful games studios operates out of his constituency, you'd think George Osborne would do his homework a little before slicing off one of the UK's only boom industries. With UK game developers amongst the most well respected and sought after in the world, it's alarming news that the first budget of the new Coalition government has hastily chopped off the tax breaks for games developers promised under the Labour government.

In his budget speech, George Osborne stated that the tax breaks were "unfairly targetted" and that the breaks would be withdrawn as part of the coalition's emergency cuts.

This is bad news for studios hoping to claw back operating costs and even worse news for emerging developers finally getting a toe hold into the games industry through various indie channels.

A bloody shame and a stupid decision.

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