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UK Budget: BBC World Service Gets Its Funding Boost As Film & TV Tax Reliefs Remain Untouched; James Corden’s New Studio Given $32M
UK Budget: BBC World Service gets it funding boost as Film and TV industry tax reliefs remain untouched
While not announced by chancellor Rachel Reeves during her speech in the past hour, the small print in the UK’s budget document says: “In 2025-26, the settlement provides an increase in funding to the BBC World Service, protecting existing foreign language service provision and its mission to deliver globally trusted media, in support of the UK’s global presence and soft power.” The current settlement runs down in March. A BBC statement said it “warmly welcomes” the additional funding, adding: “We are pleased the government has acknowledged the strong case for investing in the World Service. Reeves today promised working people will “not see higher taxes in their payslips as a result of the choices I am making today.” But one indie source said the freelance community could be hit hard by an increase to employers’ national insurance contributions, which will impact those who are paid via their own personal service companies.
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