Vaizey explains tax break snub

Culture Minister Ed Vaizey gave a well-rehearsed speech to a large group of games industry professionals at the Develop Conference in Brighton this morning, encouraging the sector to move on from ongoing tax breaks uncertainties and to look elsewhere for financial support.

I know that, to put it mildly, most of you were disappointed by the loss of tax relief,” he said.

But the Budget is good for business, and good for the video games industry. You haven’t made the case for tax breaks because the Chancellor didn’t accept it,” he stated.

You would need to make it to me and George Osborne again. There are people with an enormous amount of goodwill who want to help this industry, but we really need to work together to make sure we aren’t simply helping places like Canada.”

Develop has the full story.