• About
  • Advertise
  • Privacy & Policy
  • Contact
No Result
View All Result
PLAY4UK
  • Home
  • Games
    • Game News
    • Game Review
    • Game Preview
    • Article
    • Interview
    • Game Cheat
    • Tips and Tricks
    • Blog
    • Game Database
  • Technology
    • Technology News
    • Product Review
    • Science
    • Gaming Accessories
  • Cinema TV
    • TV – News
    • Movie News
    • Movie / TV Critics
  • Events
    • Event / E3
    • Event / Gamescom
    • Event / Blizzcon
    • eSport
PLAY4UK
TIGA responds to economic support measures

TIGA responds to economic support measures

On Tuesday and Friday last week, the Chancellor of the Exchequer announced a range of economic measures in response to coronavirus.

by Play4UK
24 March 2020
in Game News
238 15
0
Share on FacebookShare on Twitter

On Tuesday and Friday last week, the Chancellor of the Exchequer announced a range of economic measures in response to coronavirus. TIGA, the trade association representing the video games industry, has welcomed the initial steps that the Government has taken to support businesses. The Coronavirus Job Retention Scheme and deferral of VAT for the next quarter are helpful initiatives. In creative industries like the video games industry, the biggest business cost is employment and the measures the Government has taken will enable games businesses to retain employees.

TIGA responds to economic support measures

TIGA responds to economic support measures

The VAT deferral will also provide businesses more time and runway to stay in operation. However, TIGA is calling for the Government to introduce additional measures to support the UK video games industry at this critical time. TIGA has set out its 10 proposals to enable the Video Games Industry to cope with Coronavirus. Our proposals are based on feedback from games developers, publishers and service providers in the industry. In particular, TIGA is calling for the following to be addressed:

  • Contractors and self-employed workers: 17.5 per cent of the UK games development workforce are contractors. The self-employed and contractors need a safety net during the current crisis. The Government could provide all contractors with a monthly income based on their average earnings over previous years. The Government could also consider making Statutory Sick Pay available for workers on temporary or zero hours contractors.
  • Rent and business rates: many businesses, including games firms, face having empty premises for the foreseeable future. The Government should consider ways of relieving the cost of rent for businesses while the emergency lasts. This would reduce business costs and avoid the danger that thousands of businesses will close rather than waste money on rent. The Government should also extend the business rates holiday to other sectors to relieve pressures for at least 6 months.
  • Video Games Tax Relief (VGTR) and R&D Tax Relief: VGTR is our industry’s most important Government tax measure. The Government should consider increasing the rate of VGTR and fast tracking claims for both VGTR and R&D Tax Relief.
  • Encouraging Venture Capitalists (VC) to keep investing: financial market turmoil has resulted in promised VC investments evaporating. The Government should examine ways to incentivise VCs to invest in promising companies.
  • Surmount the shocks: our economy has suffered a simultaneous supply and demand shock. The UK Government needs to underpin employment and deploy public spending to minimise the depth of the shock. Following the relaxation of coronavirus measures, the Government should also support economic recovery with significant investment. Public spending on health, medical production, transport, logistics, infrastructure, promoting employment and incomes.

Dr Richard Wilson OBE, TIGA CEO, said: “We welcome the steps taken by the Government to support British businesses in this unprecedented emergency but we would encourage them to go further by providing a safety net for the self-employed. Approximately one sixth of the UK workforce is self-employed, freelance or working on zero hour contracts. 17.5 per cent of the UK games development workforce are contractors. “TIGA has recommended 10 points for the Government to consider in order to enable our high skilled, high technology and export focused industry to survive, revive and thrive. The Government should provide further support to self-employed workers and additional relief for businesses. The greater the levels of support now, the quicker our industry will be able to get back on its feet and create jobs, content and businesses once the crisis is over.”

Tags: ActionAndroidgamingiOSPCPlaystation 4Xbox One
Previous Post

S.T.A.L.K.E.R. 2 is not dead! The first screenshot released

Next Post

Monster Hunter World: Iceborne Free Title Update 3

Play4UK

Play4UK

Related Posts

Sherlock Holmes The Awakened Remake : First video has arrived
Game News

Sherlock Holmes The Awakened Remake : First video has arrived

5 August 2022
Call of Duty Player Count has Dropped
Game News

Call of Duty Player Count has Dropped

5 August 2022
UK's first conference dedicated to Voice in Gaming
Game News

UK’s first conference dedicated to Voice in Gaming

2 August 2022
Sherlock Holmes The Awakened
Game News

Sherlock Holmes The Awakened remake now on Kickstart

31 July 2022
Half-Life: Alyx VR
Game News

New Wave-Based Half-Life: Alyx VR Map Releases on Steam Workshop

31 July 2022
CRYOSPACE
Game News

Cryospace – a survival-horror action-adventure game coming to PC

31 July 2022
Next Post
Monster Hunter World: Iceborne Free Title Update 3

Monster Hunter World: Iceborne Free Title Update 3

World giants mobilized against coronavirus

World giants mobilized against coronavirus

Plague Inc. is now saving the world

Plague Inc. is now saving the world

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

YOU SHOULD SEE

A Closer Look at the World of Gambling
Article

A Closer Look at the World of Gambling

by Play4UK
26 July 2022
0

The world of gambling is incredibly interesting when compared to most other industries; conducting analysis on this topic can actually...

Why CS:GO is Still Popular eSport Game

Why CS:GO is Still Popular eSport Game

12 July 2022
Gaming Laptop

The Most Important Guidelines to Follow When Purchasing a Gaming Laptop

27 June 2022
Destiny 2 Season 17

Destiny 2 Season 17 details

26 May 2022
The Most Popular Types Of Mobile Games People Love To Play

The Most Popular Types Of Mobile Games People Love To Play

26 April 2022

TRENDING

Sherlock Holmes The Awakened Remake : First video has arrived

Sherlock Holmes The Awakened Remake : First video has arrived

5 August 2022
Call of Duty Player Count has Dropped

Call of Duty Player Count has Dropped

5 August 2022
British Esports Announces Appointment of Olympian Alice Dearing to Advisory Board

British Esports Announces Appointment of Olympian Alice Dearing to Advisory Board

2 August 2022
UK's first conference dedicated to Voice in Gaming

UK’s first conference dedicated to Voice in Gaming

2 August 2022
PLAY4UK

© COPYRIGHT 2018 - 2020 By DigitALL Entertainment Network

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Games
    • Game News
    • Game Review
    • Game Preview
    • Article
    • Interview
    • Game Cheat
    • Tips and Tricks
    • Blog
    • Game Database
  • Technology
    • Technology News
    • Product Review
    • Science
    • Gaming Accessories
  • Cinema TV
    • TV – News
    • Movie News
    • Movie / TV Critics
  • Events
    • Event / E3
    • Event / Gamescom
    • Event / Blizzcon
    • eSport

© COPYRIGHT 2018 - 2020 By DigitALL Entertainment Network

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Facebook
OR

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need financial resources to operate the site, and almost all of it comes from our online advertising.

Please add Play4UK to your ad blocking whitelist or disable your adblocking software.

×