STV CEO calls for further tax cuts for Scotland's creative sector following chancellor's budget announcement
Commercial broadcaster STV’s CEO Rob Woodward has called for introduction of further tax incentives for TV production companies, following George Osbourne’s budget announcements yesterday.
Speaking after the budget announcement, Woodward praised the tax relief given to the high-end TV production sector, but said further aid was needed for Scotland’s creative sector.
"STV has consistently called for incentives to encourage increased production to Scotland and we view the UK Government's plans to introduce tax breaks for the TV industry as a first positive step forward. However, we believe there is an opportunity to extend this further by allowing all TV productions to qualify for similar tax incentives. Scotland is blessed with a world class creative talent set but we need to ensure that Scotland can compete on an international scale, and this is something we would also be keen to discuss with the Scottish Government,” commented Woodward.
Yesterday, WPP CEO Sir Martin Sorrell told The Drum that he found the budget to be “inventive” but admitted that the decision to scrap the 50p tax rate for top earlier as “politically puzzling”.
Read other reactions to today’s budget, including comments from Creative England, Oddbins, the Scottish Government’s culture secretary Fiona Hyslop and Aardman Animations.