Stat of the day: £132m

The amount the UK gaming sector's contribution to GDP declined after a 10% reduction in headcount, according to lobby group

by Elizabeth Anderson
Last Updated: 09 Oct 2013
It may be one of the country's most celebrated industries, but it seems the UK gaming business could do with a hero of its own: apparently, the industry has already lost a tenth of its workforce, and stands to lose another quarter if it isn't given tax breaks.

According to Tiga, the industry’s trade association (which also sounds appropriately like a video game character), since 2008 the game industry’s direct and indirect tax contributions fell by £55m, while the sector’s contribution to GDP fell by £132m.

Apparently, the only way to counter that is for the government to introduce tax breaks to encourage investment in the UK. It added Britain is on the verge of losing one of its most vibrant creative industries if it doesn’t introduce tax breaks like those offered in Canada and the US.

The organisation says losses to the Treasury of £194m in tax would be counteracted with £431m of investment in development expenditure and the creation or safeguarding of 3,300 jobs in the games industry. Sounds like a quandary even the Super Mario Brothers couldn't get out of...

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Reopening: Your duty is not to the economy, it’s to your staff

Managers are on shaky ground if they think they can decide for people what constitutes...

How COVID changes the world forever: A thought experiment

Silicon Valley ‘oracle’ Tim O’Reilly imagines how different sectors could emerge from the pandemic.

The CEO's guide to switching off

Too much hard work is counterproductive. Here four leaders share how they ease the pressure....

What Lego robots can teach us about motivating teams

People crave meaningful work, yet managers can so easily make it all seem futile.

What went wrong at Debenhams?

There are lessons in the high street store's sorry story.

How to find the right mentor or executive coach

One minute briefing: McDonald’s UK CEO Paul Pomroy.