The head of a leading Trade Association representing the UK gaming industry, called for additional support from the government for creative industry. Following the unveiling of the Chancellor’s Autumn Statement, the CEO of trade body TIGA, Dr Richard Wilson gave a statement which urged the government to look at business sectors where the UK is competitive and has an advantage.
In addition to his prediction of rising unemployment and falling growth levels, the Chancellor revealed a number of growth measures. These include infrastructure investment, getting young people into employment and increased investment in small business. In response to the statement, 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.”
Dr Wilson wants a clear strategy from the government to lead the UK away from financial services, and toward industries which focus on exportation and business investment. According to Dr Wilson, the UK is competitive in creative industries and high technology sectors, which includes the gaming industry. TIGA have long fought for tax relief in the gaming industry, which Dr Wilson believes would encourage competition, especially with countries like Canada, where they already have tax incentives in place. He believes that productivity could be increased with an expansion on the R & D tax relief scheme, promoting growth for the UK.
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