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UK Culture Minister Chris Bryant Downplays Likelihood Of Improvements To High-End TV Tax Credit
Chris Bryant has talked not improving the UK High-End TV Tax Credit, Netflix & Donald Trump tariffs as he unveils creative sector plan.
“The tax credits we have now are very competitive with the rest of the world but that is what we have to maintain and we always keep these things under review,” said Bryant, who spoke to us a day after his Culture, Media & Sport (CMS) department unveiled a long-awaited creative sector plan including a £75M ($102M) funding package. The HETV tax credit has had a gamechanging impact on Brit television over the past decade but making drama series has been tough of late, with the BBC declaring a scripted funding crisis as Americans row back from co-productions. Speaking at a swanky Netflix do earlier this month, Bryant almost fawned over the streamer, calling it “the bane of my existence and the object of all my desires” due to its hefty content mix and saying “streaming has been good for the British film and television industry.”
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