UK Animation Loss
Animation UK, a lobby group for prominent studios, has warned that British animation could face terminal decline unless Chancellor George Osborne introduces tax breaks in his forthcoming budget. Aardman Animations, the makers of multi award winning Wallace and Gromit, has already warned that it may need to leave the UK to seek better financial incentives abroad (CLICK). French tax breaks account for almost 20% of production budgets; Irish tax relief is worth up to 28% and Canada offers up to 47% of production costs (title link). Finger out, George.