Tag Archives: budget

Devs up £7m thanks to Budget

After the UK Government announced it would raise R&D tax credits by 200 per cent in today’s Budget, games industry trade body Tiga has claimed the ‘decisive victory’ could be worth upwards of $7 million for developers. The size of the raise is in line with Tiga’s recommendations to the …

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Budget delivers warning shot to Jersey traders

The tax loophole that has for so long allowed key online retailers to offer cheaper games is under threat. It’s a practice that has been under the spotlight since as long ago as 2005. Chancellor George Osborne has announced as part of today’s budget that the Government will consult on …

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Real Racing 2 the $2m iPhone game

Australian smartphone game developer Firemint invested $2 million in building its high-end mobile game Real Racing 2, the studio has said. And, in further resemblance of the triple-A console project model, Firemint said the Real Racing sequel also took 18 months to finish. The revelations come with the games development …

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High Street retail sales dip 0.4%

UK High Street retail sales stumbled 0.4 per cent in February in terms of value, the British Retail Consortium has announced. However total units sold increased 1.1 per cent year-on-year – compared to a 4.5 per cent rise seen in February 2010. This is the smallest gain since May 2009. …

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THQ predicts lower game prices

The boss of THQ Brian Farrell has said that the games industry must explore different retail models if it is to remain competitive in a market that consistently expects lower prices. The idea of punters forking out anything up to 50 for console titles is one that is coming under …

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Budget boosted by supermarket growth

The budget games sector has seen its sales soar at key UK supermarkets. Leading grocers have doubled their market share in games over the last 12 months, which has had a positive impact on value PC publishers, such as Focus, Mastertronic and Avanquest. Supermarkets have become a key destination for …

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