Tax Cuts For UK Game Devs Nixed

Our sympathies to UK game developers, but the new government isn’t going to show them as much affection as its representatives pledged.  The tax breaks that were supposed to come their way have been canceled because experts now feel they don’t represent the best approach to addressing the less-than-hospitable economic climate.

Michael French reported earlier, “The new UK coalition Government has axed plans to implement tax breaks for games production, Chancellor George Osborne confirmed today. . . .  He described the suggestion as ‘poorly targeted’ as part of a wide-ranging budget that outlined a number of cuts and tweaks to the economy designed to reduce the deficit and facilitate business growth.”

Obviously, this represents bad news for a lot of people.  Being promised money (or at least being promised not to have money taken away) is a big deal, and then having the affair fall apart is an even bigger one.

Perhaps the UK’s move will wind up benefiting the games industries in America and Canada, anyway.

Meanwhile, it’ll be interesting to see what sort of backlash the new government encounters, since this could be an interesting opportunity for game developers and gamers to make their voices heard.

By Doug Caverly

Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.

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