Will the Autumn Statement Tax Relief and the Media Bill Boost the UK Creative Industries?

The UK film and television got a major boost in the autumn statement where the UK government announced tax relief for visual effects done in the UK to cash in the 2030 projected growth of £50 billion and one million jobs in the creative industries. This is supported by the Media Bill which seeks to change how UK broadcasters work amidst the rise of OTT platforms. (Credit: DANIEL LEAL-OLIVAS/AFP)

The UK film and television industry got a major boost in the recent budget announced by Chancellor Jeremy Hunt.

The UK government is trying to drive up the UK economy with tax reliefs for the entertainment industry and a proposed upgrade in the Media Bill to change British broadcasting, announced a day before the autumn statement.