George Osborne introduces measures to back the British film industry


George Osborne, the Chancellor of the Exchequer, is to introduce measures in a bid to boost the British film industry.

The measures include giving a tax credit of 25% to the £1.4 billion film industry which will bring it into line with the TV industry.

Osborne said:

“British made films are watched and celebrated all over the world – last year alone we saw eight British made films nominated for an Oscar.

A key part of our long term economic plan is supporting our creative industries that contribute billions to the economy and provide millions of jobs.

We want to see more films, like Gravity and Avengers: Age of Ultron, made in Britain and that’s why we’ve made our film tax relief even more generous”.