Get the latest gossip
U.K.’s Labour Party Wins Huge Election Victory, Keir Starmer to Become Next Prime Minister
The U.K.'s Labour Party is on course for a huge election win, according to exit polling, making Keir Starmer the likely next Prime Minister.
The Conservatives have been beset by one political scandal after the other but in terms of media and entertainment they scored a win during this year’s spring budget with a 40% corporate tax relief for film and TV studios through 2034. During a televised campaign debate, Labour’s shadow minister for creative industries and digital, Chris Bryant, had affirmed the party’s commitment to preserving the film tax relief system. “I would argue it’s taken us rather a long time to get to the point where post-production isn’t lost, for instance, to Canada,” Bryant had remarked, alluding to the budget decision to boost the tax credit rate by 5% and eliminate the 80% cap for visual effects.
Or read this on Variety
