Tax Breaks Set Stage For More UK Blockbusters

The Chancellor is listening to the film industry and plans to offer greater support through tax credits. Productions like Agatha Raisin employ local crews, boosting the economy. The UK competes with American productions, with big films like James Bond and The Avengers filmed in the UK. A 25% tax relief for TV production will now apply to film production, aiming to attract more films to the UK. This benefits local economies and retains jobs. Financial incentives are expected to keep filmmakers focused on the UK.

What is one of the benefits of TV production in Britain mentioned in the transcript?

• It reduces the cost of living.

• It promotes rural tourist locations.

• It decreases the need for foreign actors.

• It increases the number of local cinemas.

Which film is mentioned as having secured an Oscar for Eddie Redmayne?

• The Theory of Everything

• Gravity

• James Bond

• The Avengers

What is the expected outcome of applying the 25% tax relief to film production?

• More films being produced in the UK

• Increase in foreign film locations

• Reduction in film budgets

• Decrease in local employment

Which production company is mentioned as benefiting from the tax relief?

• Warner Bros.

• 20th Century Fox

• Mammoth Screen

• Universal Pictures

What was happening to UK set drama before the tax relief was applied?

• It was being produced by foreign companies.

• It was receiving more government funding.

• It was becoming more popular locally.

• It was moving abroad for tax benefits.